Figure 15-2
-Refer to Figure 15-2. Which of the following reasons describes the fundamental barrier to entry for the monopoly in the figure?
A)monopoly resources
B)government regulation
C)the production process
D)Both a and b are correct.

Question

Figure 15-2 
-Refer to Figure 15-2. Which of the following reasons describes the fundamental barrier to entry for the monopoly in the figure?
A)monopoly resources 
B)government regulation 
C)the production process 
D)Both a and b are correct.

Quizplus · Accepted Answer

The fundamental barrier to entry for the monopoly in the figure is the production process, which often involves economies of scale that allow a single firm to supply the entire market at a lower cost than multiple firms could.

Figure 15-2 -Refer to Figure 15-2. Which of the Following Reasons Describes