Figure 15-1
-Refer to Figure 15-1.Which of the following reasons describes the fundamental barrier to entry for the monopoly in the figure?
A) monopoly resources
B) government regulation
C) the production process
D) Both a and b are correct.

Question

Figure 15-1 
-Refer to Figure 15-1.Which of the following reasons describes the fundamental barrier to entry for the monopoly in the figure?
A) monopoly resources 
B) government regulation 
C) the production process 
D) Both a and b are correct.

Quizplus · Accepted Answer

The fundamental barrier to entry for the monopoly in the figure is the production process, which typically involves economies of scale that allow the monopoly to produce at a lower cost than potential competitors.

Figure 15-1 -Refer to Figure 15-1.Which of the Following Reasons Describes the Reasons