One major barrier to entry under pure monopoly arises from
A) the availability of close substitutes for a product.
B) ownership of essential resources.
C) the price taking ability of the firm.
D) diseconomies of scale.
Correct Answer:
Verified
Q82: One defining characteristic of pure monopoly is
Q83: Q84: A market where there are many firms, Q85: One feature of pure monopoly is that Q86: A purely monopolistic firm Q88: Pure monopolists may obtain economic profits in Q89: A natural monopoly occurs when
A)has no entry barriers.
B)faces
A)long-run average costs
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