Question

Select the text from the paragraph that best helps you understand that monopoly means complete power over a supply or trade. There may be more than one correct choice.
) In 1773, the British Parliament enacted the Tea Act, which would have given the East India Company a monopoly on the American colonies' tea market.
The act was meant to enable the British company to sell its tea more cheaply than any competitors could. The American colonists feared that this special advantage would result in the company's singular control of tea sales. Before the act, the company had to pay taxes when the tea arrived in England from India, and then additional tariffs when the tea reached America. The Tea Act allowed the East India Company to sell tea directly to the colonies without the initial taxes in England. From the American colonists' point of view, the British Parliament was effectively putting a tax on tea sold by companies other than the East India Company.

Answer 1

- "would have given the East India Company a monopoly on the American colonies' tea market."
- "The American colonists feared that this special advantage would result in the company's singular control of tea sales."