Question

In early America, the Navigation Acts ensured all imported products came from England. What type of market structure is this an example of?

A) monopoly

B) oligopoly

C) traditional

D) free competition

Answer 1

Monopoly

Step-by-step explanation:

The monopoly is the market structure where there is only single seller who sells a unique product. Also in this market, there is no competition as the seller is only one who deals in one product and other sellers has nno close subsitutes

So as per the given situation since the imported goods came from england so this represents the monopoly

Hence, the correct option is A.