In which of the following market structures the entry of new firms into the industry is regulated by the government?
A)Pure competition
B)Monopolistic competition
C)Oligopoly
D)Monopoly

Question

Quizplus · Accepted Answer

In a monopoly, the industry is controlled by a single firm and the entry of new firms is generally prohibited or heavily regulated by the government to protect the monopoly power of the existing firm.

In Which of the Following Market Structures the Entry of New