While smoking is on the decline in the United States, China is still puffing away madly. That's not because the government is eager to protect its citizens from the hazards of smoking. It's because China is eager to protect its own tobacco industry which is a state monopoly. What barriers, if any, exist in this market?
A) Natural barriers to entry
B) Ownership barrier to entry
C) Legal barrier to entry; a government license
D) Legal barrier to entry; a public franchise

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The Answer of While smoking is on the decline in the United States, China is still puffing away madly. That's not because the government is eager to protect its citizens from the hazards of smoking. It's because China is eager to protect its own tobacco industry which is a state monopoly. What barriers, if any, exist in this market?
A) Natural barriers to entry
B) Ownership barrier to entry
C) Legal barrier to entry; a government license
D) Legal barrier to entry; a public franchise

While Smoking Is on the Decline in the United States