Which of the Following Qualify as Barriers to Entering a Monopoly

question 62

Multiple Choice

Which of the following qualify as barriers to entering a monopoly market?
(i) a key resource's ownership is not defined
(ii) the government has given the existing monopoly the exclusive right to produce the good
(iii) the costs of production make a single producer more efficient than a large number of producers

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) only
• D)(i), (ii) and (iii)

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