Which of the following is most necessary for a monopolist to survive in the long run?
A) a legal protection from entry
B) a perfect product
C) a brilliant Chief Operating Officer
D) an excellent marketing campaign

Question

Quizplus · Accepted Answer

Legal protection from entry is necessary for a monopolist to survive in the long run because it prevents competitors from entering the market and capturing some of the monopolist's market share. Without legal protection, new competitors can drive down prices and decrease the monopolist's profits. Perfect product, a brilliant COO, and an excellent marketing campaign can all be helpful, but without legal protection from entry, they may not be enough to ensure long-term survival.

Which of the Following Is Most Necessary for a Monopolist