There are several types of barriers to entry that can create a monopoly. Which of the...
There are several types of barriers to entry that can create a monopoly. Which of the following barriers is the result of government action?
a. network externalities
b. control of a key resource
c. economies of scale
d. public franchise
Homework Answers
The barrier to entry are the restrictions by the existing firms to restrict the entry of new entrants into the market
it can be due to the many reasons like Intellectual Property Rights ,network externalities ,control of a key resource, economies of scale
But when it comes to government only government has right to barrier with public franchise
The public franchise can be in water distribution Railways, Postal Services etc. In this any external party or private entity cannot create the barrier
So the correct answer is option D
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