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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