Question

An exclusive control like in a business

A. Bureaucracy
B. Balance and Trade
C. Monopoly
D. Checks and Balances

Answer 1

The answer would be Monopoly. Monopoly is define as the only player in the market, being the only player in the market who will have the exclusive control on the pricing and quality of the service.

Answer 2

The third alternative is correct (C).

Monopoly is the regime in which only one company controls all the production of a good or service, with no other alternative for consumers.

Usually monopolies are regulated and need to be authorized by the government. An example of a monopoly can be seen when a pharmaceutical company develops a remedy that cures a previously incurable disease. Only that company can sell the drug, for a period stipulated by the grant of a patent.