Question

Select the items that describe a monopoly.

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

Answer 1

well obviously 3 is one of the answers. So is 1. and 2

Answer 2

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!