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The term business monopoly can best be described as
O the most common form of business in the United States.
O an agreement between partners to manage a corporation.
O government control of the means of production.
a company that controls or dominates an industry.

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Final answer:

A monopoly in business refers to exclusive control over the supply of a product or service, leading to dominance in the market with limited competition.


Explanation:

Monopoly is a business or organization that maintains exclusivity of the supply of a particular product or service, exerting powerful control over the market. Monopolies can be natural, legal, or local in nature. They are characterized by having little to no competition, allowing them to charge high prices due to their significant market power.


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