Without barriers to entry,a high-profit monopoly is unlikely to be able to maintain its monopoly status.

Name: Without barriers to entry,a high-profit monopoly is unlikely to be able to maintain its monopoly status.
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Question

Quizplus · Accepted Answer

Without barriers to entry, other companies can easily enter the market and compete with the monopoly. This increased competition will inevitably drive down prices and decrease the profits of the monopoly, making it difficult to maintain their monopoly status.

Without Barriers to Entry,a High-Profit Monopoly Is Unlikely to Be