[Answer] The exclusive possession or control of a commodity is called what?

Step 1 : Introduction to the question "The exclusive possession or control of a commodity is called what?"

...The United States’ mixed market economy and free market principles operate under the assumption that natural competition will create the best outcomes for consumers. However, sometimes a business becomes too dominant in a sector and forms a monopoly, which means one business has complete control over that sector. In the U.S., there are antitrust laws that try to keep monopolies from controlling the market while promoting healthy competition.

Step 2 : Answer to the question "The exclusive possession or control of a commodity is called what?"

Monopoly:

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