Which of the following is not considered a barrier to entry into a monopoly market?
A) having a natural monopoly.
B) ownership of a key resource.
C) government intervention.
D) an new product-type is offered.

Question

Quizplus · Accepted Answer

Introducing a new product-type would actually create more competition in the market, making it easier for new firms to enter and reducing the monopolist's power. Having a natural monopoly, ownership of a key resource, and government intervention all create barriers to entry and give the monopolist a competitive advantage.

Which of the Following Is Not Considered a Barrier to Entry