How did geography play a part in trade How did geography play a part in the slave trade

Trading territory and land in order to have people to work for them

Small strips of land that were turned into canals once the industrial revolution happened (For example, the Suez Canal and the Panama Canal) allowed for trade on a scale never seen before. During the slave trade between Europe, America, and Africa, there were no large pieces of land that divided the three in the Atlantic Ocean (Except maybe for the Sahara). That meant that slave traders could easily sail between the continents due to new deep water navigation technologies.

high entry costs prevent new producers from entering the market.

explanation:

an oligopoly is a term used to clarify the structure of a particular market, industry, or organization. a market is considered oligopolistic or amazingly focused when it is shared between a few companies.