Analyze the word to determine its Greek prefix. Then use your understanding of the prefix meaning to choose the correct meaning of the word. monopoly
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Answer: The word "monopoly" contains the Greek prefix "mono-", which means "one" or "single." When analyzing the word in its entirety, you can break it down into two parts: "mono-" and "-poly." The latter part comes from the Greek "polein," which means "to sell." Therefore, putting the two parts together, "monopoly" essentially means "the exclusive right to sell."
From this analysis, you can deduce that a "monopoly" refers to the situation where a single entity, such as a company or individual, has complete control over the supply or trade of a particular commodity or service. This entity is the only one that can sell the product or provide the service, with no competition from others.