In which market model are the conditions of entry the most difficult?
A) monopolistic competition
B) pure competition
C) pure monopoly
D) oligopoly

Question

Quizplus · Accepted Answer

Pure monopoly is characterized by a single seller who has complete control over the market, making it hard for new firms to enter. This is due to barriers to entry such as high startup costs, economies of scale, legal patents, or government regulations. As a result, Pure monopoly ensures that only one producer exists in the market, making entry conditions the most difficult.

In Which Market Model Are the Conditions of Entry the Most