One major barrier to entry under pure monopoly arises from

Question

Quizplus · Accepted Answer

The ownership of essential resources is a major barrier to entry under pure monopoly as it allows the monopolist to control the supply of the product and prevent competitors from entering the market. This can include owning patents, exclusive access to raw materials, or control over distribution channels. Without these resources, it may be difficult for new firms to enter the market and compete with the monopolist.

One Major Barrier to Entry Under Pure Monopoly Arises from