A key element to preserving a monopoly is:
A)government subsidization of critical enterprises.
B)keeping potential rivals out of the market.
C)guaranteeing the availability of substitute products.
D)increased advertising expenditures.

Question

Quizplus · Accepted Answer

Keeping potential rivals out of the market is a key element to preserving a monopoly. This can be achieved through various means such as acquiring rival companies, creating barriers to entry, or using legal means to prevent competition. By limiting competition, a monopoly can maintain its position in the market and continue to generate high profits. Government subsidization, the availability of substitute products, and increased advertising expenditures are not key elements to preserving a monopoly.

A Key Element to Preserving a Monopoly Is