The key element in preserving a monopoly is
A) government subsidy of critical enterprises.
B) keeping potential rivals out of the market.
C) guaranteeing availability of substitute products.
D) increased advertising expenditure.

Question

Quizplus · Accepted Answer

A monopoly is maintained by preventing new competitors from entering the market, ensuring the monopolist remains the sole provider of the product or service.

The Key Element in Preserving a Monopoly Is