All monopoly power that is based on barriers to entry is subject to decay in the long run except that based on government franchise.

Name: All monopoly power that is based on barriers to entry is subject to decay in the long run except that based on government franchise.
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Question

Quizplus · Accepted Answer

Barriers to entry can erode over time due to technological advancements or market changes, but government franchises are legally protected, maintaining monopoly power.

All Monopoly Power That Is Based on Barriers to Entry