One of the Key Reasons Why Monopolies Exist Is

question 58

Multiple Choice

One of the key reasons why monopolies exist is:

• A) there is easy entry and exit into and out of the market.
• B) the goods sold are highly inaccessible to buyers.
• C) there are barriers to entry into the market.
• D) geographical differences.

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Definitions:

Gestures

Physical movements made by parts of the body, especially the hands, to express thoughts, emotions, or convey messages.

Filter Information

The process of selectively paying attention to certain stimuli while ignoring others, based on relevance or importance.

Upward Communication

Upward communication is the flow of information from lower levels of a hierarchy to higher levels, such as from employees to management, facilitating feedback and reporting.

Leaner Channels

Communication methods that involve fewer cues and less information richness, often used in more formal or straightforward exchanges.