The following are among the important barriers that commonly prevent other entering monopoly market except___
Question
The following are among the important barriers that commonly prevent others from entering a monopoly market except___
Solution
To determine the correct option that does not represent a barrier to entering a monopoly market, we first need to understand what constitutes common barriers to entry in such markets. Common barriers include:
- High Capital Requirements: Significant initial investment needed to compete in the industry.
- Economies of Scale: Larger firms can produce at a lower cost per unit, making it difficult for new entrants.
- Exclusive Access to Resources: Control over essential resources that new entrants cannot access.
- Patents and Licenses: Legal protections that prevent others from entering the market with similar products.
- Government Regulations: Laws or regulations that restrict entry into the market.
The answer will typically involve an option that does not fit any of these categories, such as factors that facilitate entry instead.
Final Answer
Without the specific options provided, the answer would be "the option that does not represent a barrier to entry, such as 'low competition' or 'ability to innovate readily'."
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