The key element in preserving a monopoly is keeping rivals out of the market.

Name: The key element in preserving a monopoly is keeping rivals out of the market.
Brand: Quizplus
Rating: 4.7 (33 reviews)

Question

Quizplus · Accepted Answer

This is one of the main strategies used by monopolies to maintain their dominance in the market. They may use tactics such as blocking entry through patents or exclusive contracts, driving rivals out of business through predatory pricing, or lobbying for regulations that make it difficult for competitors to enter the market.

The Key Element in Preserving a Monopoly Is Keeping Rivals