In which of the following market structures is the entry of new businesses the most difficult?
A)monopoly
B)oligopoly
C)monopolistic competition
D)perfect competition
E)competitive monopoly

Question

Quizplus · Accepted Answer

In a monopoly market structure, there is only one firm that dominates the market and has complete control over the supply and price of the product. This makes it very difficult for new businesses to enter the market and compete against the established monopoly. The barriers to entry can include factors such as high start-up costs, economies of scale, patents, and exclusive access to key inputs. Therefore, the entry of new businesses is the most difficult in a monopoly market structure.

In Which of the Following Market Structures Is the Entry