If your farm had the only known source of a rare cocoa bean needed to make chocolate- covered peanuts, your monopoly would result from:
A)control of a scarce resource or input.
B)technological superiority.
C)increasing returns to scale.
D)government-created barriers.

Question

Quizplus · Accepted Answer

The monopoly would result from control of a scarce resource or input, as there is no other known source of the rare cocoa bean needed to make the chocolate-covered peanuts. This gives the farm a unique advantage in the market, allowing them to control the supply and set higher prices due to the scarcity of the bean.

If Your Farm Had the Only Known Source of a Rare