Which of the following is not a barrier to entry into a monopoly market?
A) A patent.
B) Economic profits.
C) Exclusive licensing.
D) A government franchise.

Question

Quizplus · Accepted Answer

Economic profits actually serve as an incentive for new firms to enter a market. The other three choices (patent, exclusive licensing, and government franchise) all represent legal barriers to entry that can prevent new firms from entering a market and competing with an established monopolist.

Which of the Following Is Not a Barrier to Entry