Which of the following is a key reason why monopolies exist?
A)There is easy entry and exit into and out of the market.
B)The goods sold are highly inaccessible to buyers.
C)There are barriers to entry into the market.
D)Geographical differences exist.

Question

Quizplus · Accepted Answer

Monopolies often exist because there are significant barriers to entry into the market, which prevent other companies from competing. These barriers can include high startup costs, exclusive access to resources, or regulatory protections.

Which of the Following Is a Key Reason Why Monopolies