Low barriers to entry provide a monopoly with the opportunity to realize continuing economic profits in the long run.

Name: Low barriers to entry provide a monopoly with the opportunity to realize continuing economic profits in the long run.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Low barriers to entry allow new competitors to enter the market easily, increasing competition and making it difficult for a monopoly to maintain its status and realize continuing economic profits in the long run.

Low Barriers to Entry Provide a Monopoly with the Opportunity