A monopolist that controls a _________ crucial to an industry can prevent other firms from entering its market.
A) a supply chain
B) labour union
C) resource or input
D) transportation network

Question

Quizplus · Accepted Answer

A monopolist that controls a crucial resource or input can prevent other firms from entering the market because they have exclusive access to that input. A supply chain, labor union, or transportation network can also provide advantages to a firm, but they are not necessarily crucial to preventing new firms from entering the market.

A Monopolist That Controls a _________ Crucial to an Industry