The correct answer to this open question is the following.
Although there are no options attached we can say the following.
Venice and Genoa created a powerful trade monopoly because of the beautiful, special, and sophisticated things that could be found in these cities. Venice and Genoa could create this monopoly on trade because they had great locations. These cities were on the coast, so they have functional ports where many ships arrived daily with all kinds of goods to be traded. This number of ships brought with them merchants that sold their exclusive goods and Venice and Genoa could hoard them to offer them to different buyers, creating a monopoly.
All the luxurious goods from Asia arrived at the main ports of Genoa and Venice and from there, they were shipped to other European nations. Money flowed daily in big amounts.
A Monopoly is a structure in the market where a single seller operates the market by selling unique products at prices fixed by them.
The nations Venice and Genoa have established their monopoly by using their beautiful locations and sophisticated things that attract travelers. It has made demand for tourism-related products and services that have made the nation attractive pace for traders.
Therefore, the coastal regions and advanced ports have facilitated trade practices to rise and boost the nation.
Learn more about trade here:
https://brainly.com/question/1083013
