Barriers to entry to a monopoly include
A)unions.
B)high economic profits carried by a monopoly.
C)patents.
D)high transportation costs.
E)low production costs.

Question

Quizplus · Accepted Answer

Patents provide legal protection for a new invention or process, granting the inventor exclusive rights to produce and sell that invention. This can create a barrier to entry for potential competitors, as they are unable to legally produce and sell the same product without obtaining a license or permission from the patent holder.

Barriers to Entry to a Monopoly Include