In the context of the British having a monopoly on tea, what does the term "monopoly" mean?(1 point)ResponsesControl of a product or service by one company or groupControl of a product or service by one company or groupA competition between multiple businessesA competition between multiple businessesA tax on goodsA tax on goodsA variety of products available in the market

1 answer

In the context of the British having a monopoly on tea, the term "monopoly" means control of a product or service by one company or group.