Which of the following could effectively destroy a monopoly structure?
A) the appearance of just one close substitute good
B) its exclusive access to resources
C) its patent on a new technology
D) a government restriction on entry
E) a merger of two once-competing firms

Question

Quizplus · Accepted Answer

The appearance of just one close substitute good can effectively destroy a monopoly structure by introducing competition, thereby reducing the monopoly's market power and control over prices.

Which of the Following Could Effectively Destroy a Monopoly Structure