Which of the following could be threatening to an existing monopoly structure?
A) impossible-to-overcome barriers to entry
B) the depletion of alternative resources that could be used to produce the good that is being produced by the monopolist
C) the extension of years enforcing a patent right
D) mergers
E) technological innovation that makes the old techniques of producing a good obsolete

Question

Quizplus · Accepted Answer

Technological innovation can introduce new methods of production, making the old techniques obsolete. This can allow new entrants to compete with the monopolist, potentially threatening the monopoly's dominance.

Which of the Following Could Be Threatening to an Existing