One of the reasons why monopolies exist is:
A)there are barriers to entry into the market.
B)there is easy entry and exit into and out of the market.
C)the goods sold are highly inaccessible to buyers.
D)geographical differences.

Question

Quizplus · Accepted Answer

Monopolies exist when there are barriers to entry into the market, such as high start-up costs, legal and regulatory barriers, and exclusive access to essential resources, which prevent other firms from entering and competing. In the absence of such obstacles, new firms would enter the market, increasing competition and reducing the monopolist's market power. Therefore, monopolies arise due to market imperfections that limit competition, rather than because of efficiency or superior performance.

One of the Reasons Why Monopolies Exist Is