Final answer:
A group with exclusive control over the production and distribution of certain goods is termed a monopoly. Cartels, which engage in collusion, are a form of oligopoly that can behave like a monopolist. These terms reflect different market structures and their impact on the economy. The correct answer is 1.
Step-by-step explanation:
The term used to describe a group that has exclusive control over the production and distribution of certain goods is a monopoly. A monopoly exists when a firm controls all or nearly all the supply of a good or service. This control allows the monopoly to influence the market regarding price and supply. Cartels can be related to monopolies since they are a group of firms that collude to act like a monopolist by reducing output and increasing prices. However, cartels are a form of oligopoly, where a few firms dominate the market and can potentially collude to control prices and output. It is essential to distinguish between these market structures as they have different impacts on consumers and the economy. The correct answer is 1.