The United States South's near monopoly in the mid-nineteenth century was in supplying which good to Great Britain?
ACopper
BCocoa
CCotton
DCoal
Answer & Solution
Correct answer: C. Cotton
1. A historical case opens the discussion of monopoly power.
2. In the mid-nineteenth century, the United States, specifically the Southern states, had a near monopoly.
3. That monopoly was in the cotton that they supplied to Great Britain.
4. Control of a commodity another country depended on translated into political power.
5. That is why the example is titled political power from a cotton monopoly.
_Source: OpenStax Principles of Microeconomics for AP(R) Courses 2e (CC BY 4.0), Ch 9 'Monopoly', sections 9.1-9.2_
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