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The Harrisons live in a country where they are the only business allowed to supply consumers with leather shoes.

What type of economy is this an example of?

A. Competitive
B. Regulation
C. Mixed
D. Monopoly

Sagot :

GinnyAnsweridn

Final answer:

A monopoly is when a single entity has exclusive control over the supply of a product or service, eliminating competition.


Explanation:

Monopoly is the type of economy where a single entity, such as a business or government, is the sole provider of a particular product or service without any close substitutes. In this scenario, the Harrison family, as the only business allowed to supply consumers with leather shoes in their country, represents a monopoly market structure, where there is no competition.


Learn more about Monopoly here:

https://brainly.com/question/33076874


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