Question

pregunta 11 (1 punto)
a/an ____ happens when the government owns the business and there is no competition

a natural monopoly
b government monopoly
c cartel
d geographic monopoly

pregunta 12 (2 puntos)
a business owned and controlled by one person is known as a/an ____.

a partnership
b corporation
c conglomerate
d sole proprietorship

Explanation:

For Question 11: A government monopoly is defined as a business owned by the government with no competition.
For Question 12: A sole proprietorship is a business owned and controlled by one person.

Answer:

b. government monopoly
d. sole proprietorship