Which of the following describes a monopoly?
(1 point)
Responses
One country takes control of an area to extract its resources and relocate its people there.
One country takes control of an area to extract its resources and relocate its people there.
One country controls all the trade with other countries and does not allow private property.
One country controls all the trade with other countries and does not allow private property.
One country has the exclusive opportunity to provide a particular product with no competition.
One country has the exclusive opportunity to provide a particular product with no competition.
One country controls the trade of another country through threats of military takeover.
1 answer
One country has the exclusive opportunity to provide a particular product with no competition.