After "The Mutiny," Britain Sought to Rule India

question 45

Multiple Choice

After "the mutiny," Britain sought to rule India:

• A) through collaborators and cooperative interest groups.
• B) through the East India Company.
• C) with a directly appointed full bureaucracy of English civil servants.
• D) by means of example rather than force.
• E) under martial law.

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Definitions:

Basis for Monopoly

The underlying conditions that enable a firm or entity to become or remain the sole supplier of a good or service, such as control over resources, government regulation, or technology.

Pure Monopoly

An economic condition where one firm controls the market for a product, effectively eliminating competition.

Close Substitutes

Goods or services that can easily replace each other in consumption, offering consumers nearly identical satisfaction.

Natural Monopoly

A market situation where a single firm can supply a good or service to an entire market at a lower cost than could multiple firms.