Occasionally, _______ may lead to pure monopoly; in other market conditions, they may limit competition _______.

Name: Occasionally, _______ may lead to pure monopoly; in other market conditions, they may limit competition _______.
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Question

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Barriers to entry can lead to a pure monopoly if a single firm can effectively block new competitors from entering the market. In other cases, these barriers might not be as strong, allowing a few firms to dominate, which is characteristic of an oligopoly.

Occasionally, _______ May Lead to Pure Monopoly; in Other Market