question archive The main reason that gives rise to monopoly power is: a) price taking
The main reason that gives rise to monopoly power is: a) price taking
Subject:MarketingPrice:2.88 Bought3
The main reason that gives rise to monopoly power is:
a) price taking.
b) rising average costs.
c) barriers to entry.
d) a produce without close substitutes.
e) low fixed costs.
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
c) barriers to entry.
The characteristics of monopoly are price maker, barriers to entry, the single seller, etc. The fundamental source of monopoly power is entry barriers and restrictions. The market barriers to the entry of new firms may create monopoly power in the economy.
