To prevent monopoly from arising,there must be
A)a single supplier of a good in the market.
B)no close substitutes for the good.
C)barriers preventing entry of other firms.
D)freedom of entry into the market.
E)economies of scale.

Question

Quizplus · Accepted Answer

Freedom of entry into the market prevents a single firm from controlling the market and allows for competition to exist, preventing the emergence of a monopoly. A, B, C, and E all contribute to the creation of a monopoly, rather than preventing it.

To Prevent Monopoly from Arising,there Must Be