Obstacles that keep new firms out of a monopoly market are:
A)barriers to entry.
B)terms of sale.
C)labor market stipulations.
D)production controls.

Question

Quizplus · Accepted Answer

Barriers to entry are the obstacles that make it difficult for new firms to enter the market and compete with existing firms. These barriers can be in the form of high startup costs, regulations, patents, or other factors that prevent new firms from entering the market. In a monopoly market, there is typically a high barrier to entry, which makes it difficult for new firms to enter and compete with the existing monopolist.

Obstacles That Keep New Firms Out of a Monopoly Market