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read the following sentences from the text.
The act gave the East India company a monopoly on tea importation and sales in the American colonies. The company was financially struggling at the time, and Britain relied heavily on his contributions to the British economy. The purpose of the tea act was to help keep the company afloat. East India company agents were now the only people allowed to sell tea in the colonies.
Based on the context, the word monopoly means?
A. preferred status B. exclusive access C. recommendation letter D. monetary bonus
B exclusive access. Monopoly essentially means that a company controls an entire market or this can be seen when only east Indian agents are exclusively the only ones who can sell tea in the colonies
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