The good produced by a monopoly group of answer choices must be unable to be resold. has no substitutes at all. can be easily duplicated. has no close substitutes. has perfect substitutes.

Respuesta :

A monopoly group of response options must provide an item that cannot be sold again. has absolutely no alternatives. is simple to replicate. is not easily replaced. has no close-to-perfect alternatives.

The correct answer is Has no close substitutes.

The good produced by a monopoly has no close substitutes.

What is monopoly?

  • A monopoly is when a single company produces products with no close substitute, whereas an oligopoly is when a little number of generally expansive companies create comparative, but marginally distinctive products.
  • In both cases, noteworthy obstructions to passage avoid other endeavors from competing.
  • A market's geological estimate can decide which structure exists.
  • One company might control an industry monopoly in a specific zone with no other choices, in spite of the fact that a couple of comparative companies work somewhere else within the nation.
  • In this case, a company may be a monopoly in one locale, but work in an oligopoly showcase in a bigger topographical region.

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