Which of the following is NOT a barrier to entry for monopoly?
A) a patent
B) government licensing
C) large economies of scale
D) a large number of existing firms in a market

Question

Quizplus · Accepted Answer

A large number of existing firms in a market would actually make it harder for one single firm to establish a monopoly position, as there would be more competition. The other options listed (a patent, government licensing, and large economies of scale) are all potential barriers to entry that could help a firm establish a monopoly.

Which of the Following Is NOT a Barrier to Entry