Grade 7 Social Studies – Voices and Visions Practice Exam 2026 - Free Social Studies Practice Questions and Study Guide

A monopoly means exclusive control of a market by one company or group. When a single firm dominates the market, it can influence prices and limit competition because other businesses have trouble entering the field. This often happens due to high startup costs, control of a key resource, or legal barriers. In social studies, monopolies can affect what goods are available and at what price, so governments sometimes regulate or challenge them to protect consumers. The other terms refer to something different: Rupert's Land is a historical Canadian territory, Francophone means French-speaking people, and deportation is the forced removal of people.