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3 votes
Select the items that describe a monopoly.

1.price setter
2.resources are used efficiently
3.one seller
4.products with no close substitutes

2 Answers

5 votes
well obviously 3 is one of the answers. So is 1. and 2
User Parag Doke
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3 votes
I would answer one and three. Four isn't a typical description, and resources don't necessarily have to be used efficiently in a monopoly because of the lack of competition. If I helped, a thanks would be appreciated!
User Arne Evertsson
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7.5k points
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