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

Question

Quizplus · Accepted Answer

Monopolies exist due to barriers to entry into the market. This can include factors such as high start-up costs, legal restrictions, control of essential resources or patents, or even established brand recognition. These barriers make it difficult for new competitors to enter the market and compete, allowing the monopolistic company to have control over pricing and supply.

One of the Key Reasons Why Monopolies Exist Is