Explain Three Different Types of Barriers to Entry in Monopoly

question 126

Essay

Explain three different types of barriers to entry in monopoly.

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Definitions:

Normal Sales

Sales transactions that occur under regular business conditions, without special circumstances or discounts.

Percents

A mathematical term representing a fraction of 100, used to denote a portion or share of a total.

Decimals

Numerical values expressed using a decimal system, involving a point to separate the whole number from the fractional part.

Mixed/Whole Numbers

Numbers consisting of both a whole number and a fractional part, usually written with the whole number and fraction separated by a space.