The fundamental cause of monopoly is: A

Marketing Jan 12, 2021

The fundamental cause of monopoly is:

A. incompetent management in competitive firms.

B. advertising.

C. barriers to entry.

Expert Solution

Answer: C. barriers to entry.

The fundamental cause of monopoly is the barriers to entry. One source of barriers to entry is when the government issues a right to a given firm to produce some good. This hinders other firms from entering the industry since the have no right to produce the product.

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