A monopoly can be temporary because of:
A)high barriers to entry.
B)a lack of substitutes for the monopolist's product.
C)economies of scale.
D)technological change.

Question

Quizplus · Accepted Answer

Technological change can disrupt a monopoly by introducing new products or processes that make the monopolist's product obsolete or easier to produce. This can lead to increased competition and the eventual end of the monopoly. The other factors listed (high barriers to entry, lack of substitutes, and economies of scale) can also contribute to a monopoly, but they do not necessarily make it temporary.

A Monopoly Can Be Temporary Because Of