One barrier to entry into a monopolist market is:
A)the ownership of a key resource or input.
B)too many competitors already in the market.
C)high input costs.
D)few buyers.

Question

Quizplus · Accepted Answer

If a monopolist already owns a key resource or input necessary to produce the good or service, it can prevent new firms from entering the market by controlling the supply of that factor. This is known as a barrier to entry, and it is one way that monopolies can maintain their market power. Choices B, C, and D are not necessarily barriers to entry, as new firms can still enter the market despite these factors.

One Barrier to Entry into a Monopolist Market Is