The fundamental cause of monopoly is

Question

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Monopoly arises due to barriers to entry, which prevent new firms from entering the market and competing with the existing firm. These barriers may include legal barriers, economies of scale, control over essential resources, or high start-up costs. As a result, the existing firm can charge higher prices and earn higher profits, leading to market power and a lack of competition. The other options are not directly related to the cause of monopoly.

The Fundamental Cause of Monopoly Is