Conditions that prevent the entry of new firms in a monopoly market are:
A) barriers to entry.
B) terms of sale.
C) labor market stipulations.
D) production controls.

Question

Quizplus · Accepted Answer

Barriers to entry, such as high start-up costs or exclusive patents and licenses, can prevent new firms from entering a monopoly market. The other options listed may have an impact on market competition, but they are not necessarily barriers to entry.

Conditions That Prevent the Entry of New Firms in a Monopoly