The term “monopoly” refers to ___________.
ownership
A monopoly is the exclusive possession or control of the supply of, or trade in, a commodity or service, or more generally the exclusive ownership or control of something by one person or group.
The idea at the heart of the word is sole possession and control. Among the choices, “ownership” is the only word that expresses possession and control of something, so it is the closest meaning of “monopoly”.
“Powerlessness” is the opposite idea, since a monopoly gives power over a market. “Incapacity” means lack of ability, and “incompetence” means lack of skill; neither has any connection with exclusive control or possession.
ownership option is correct.
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