Question

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? competitive regulation mixed monopoly

Answer 1

The type of economy that the Harrison lives in is a monopoly because he supply consumers solely with leather shoes.

What is monopoly?

A monopoly is when only one company offers a specific service or sells a specific product. Here Harison is the only supplier of shoes in the country where he lives.

Since there is no competition, the seller has complete control over the price hence makes as much profit as possible.

Hence, the type of economy that the Harrison lives in is a monopoly because he supply consumers solely with leather shoes.

Learn more about monopoly here :brainly.com/question/10867411

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Answer 2

Answer:

d

Explanation: