Final answer:
A business that owns and controls the raw materials, transportation, production, and retail of a particular industry can be considered a monopoly.
Step-by-step explanation:
A business that owns and controls the raw materials, transportation, production, and retail of a particular industry can be considered a monopoly.
A monopoly occurs when a single business has exclusive control over the supply of a good or service, allowing it to dominate the market and effectively eliminate competition.
For example, if a business owns the only cement plant in an area without access to water transportation, and also controls the supply of raw materials, production, and retail of cement in that area, it would have a monopoly in the cement industry for that region.