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27 April, 17:11

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?

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  1. 27 April, 17:20
    0
    Its D) Monopoly ... I think, ill change it if im wrong
  2. 27 April, 17:35
    0
    The type of economy that the Harrisons live in is a monopoly. A monopoly is when only one company offers a specific service or sells a specific product, in this case shoes. Since there is no competition, the seller has complete control over the price.
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