The Pax Mongolica

question 46

Multiple Choice

The Pax Mongolica

• A) lasted for about two hundred years.
• B) brought destruction to China and Mongolia.
• C) created new opportunities for merchants and traders.
• D) was ruled by the Great Khan from Baghdad.
• E) lasted only until the death of the first Great Khan.

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Definitions:

Sellers

Individuals or entities that offer goods or services for sale to potential buyers in exchange for money or other assets.

Oligopoly

A market structure characterized by a small number of firms that dominate the market, leading to limited competition.

Number of Firms

Refers to the total count of business entities operating in a given market or industry.

Market Characteristics

Features or attributes that define and differentiate specific markets, including structure, competition level, and consumer behaviors.