Question

pregunta 11 (1 punto)
a/an ____ occurs when there is only one seller and no close substitutes.
a monopoly
b trust
c merge
d cartel

pregunta 12 (2 puntos)
an economic system where the central government of a country makes all economic decisions is called a/an ____.
a communistic planned economy
b authoritarian economy
c centrally planned economy
d scholastic economy

Explanation:

• Pregunta 11: A monopoly is defined as a market structure with a single seller and no close substitute goods/services, matching the given description.
• Pregunta 12: A centrally planned economy is an economic system where the central government controls all major economic decisions, which aligns with the question's definition.

Answer:

Pregunta 11: a. monopoly
Pregunta 12: c. centrally planned economy