The Harrisons live in a country where they are the only 4 allowed to supply consumers with leather shoes. What type of economy is this an example of?

competitive

regulation

mixed

monopoly

The correct answer is monopoly. The Harrisons live in a country where they are the only 4 allowed to supply consumers with leather shoes. The type of economy that they are in is called "monopoly." It ex ists when a specific person or enterprise is the only supplier of a particular commodity.