Need correct answer now ! which economic term describes a situation where one company controls all the means of production of a product and can set its own price? a. inflation b. corporation c. tariff d. monopoly

I believe the answer is D

D

Step-by-step explanation:

These are the definitions of each:

A.a general increase in prices and fall in the purchasing value of money.

B. a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

C. a tax or duty to be paid on a particular class of imports or exports.

D. the exclusive possession or control of the supply or trade in a commodity or service.

Monopoly seems the most fitting.