Which of the following is a potential barrier to entry into a monopoly market?
A)The monopolist owns a key resource or input.
B)Too many competitors already exist in the market.
C)High input costs.
D)Few buyers.

Question

Quizplus · Accepted Answer

The monopolist owning a key resource or input can prevent new competitors from entering the market, thus acting as a barrier to entry. This control over essential resources makes it difficult for other companies to compete in the same space.

Which of the Following Is a Potential Barrier to Entry