Which of the Following Prevents Potential Competitors from Entering a Monopolized

question 127

Multiple Choice

Which of the following prevents potential competitors from entering a monopolized market?​

• A)Legal restrictions
• B)Diseconomies of scale
• C)Product differentiation
• D)Stable market demand
• E)An abundant supply of resources

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Definitions:

Personal Costs

Expenses that individuals incur in their daily lives or for personal activities.

Economic Activity

The production, distribution, and consumption of goods and services in an economy.

Benefits

Advantages or monetary assistance received from employment, government, or insurance.

Economic Thinking

The process of evaluating decisions based on costs, benefits, and the impact on resource allocation.