In the monopoly model, significant barriers to the exit and entry of new firms may be...
In the monopoly model, significant barriers to the exit and entry of new firms may be
a) of a legal nature caused by government regulations
b) caused by increasing returns to scale.
c) the result of a patent or copyright
d) any of the above
e) none of the above
Homework Answers
Monopoly is a market type model where there is only single seller and large number of buyers in the market.
Single seller is the price maker and it creates a barrier of entry for the new and firms to enter in the market .
The barriers can be in terms of -
Economics of scale
Intellectual Property Rights .
Regulations
Resource controlling etc
So the answer is any of the above or option d
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