If entry barriers into a monopolized market are kept low,

Name: If entry barriers into a monopolized market are kept low,
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When entry barriers into a monopolized market are kept low, it means that new competitors can easily enter the market. This makes the market contestable because the threat of potential competition can influence the behavior of the existing monopolist, often leading to more competitive pricing and behavior.

If Entry Barriers into a Monopolized Market Are Kept Low