What qualities would ideally suit a monopolistic firm with regard to barriers to entry?
A) a few impediments to limit new firms from operating and expanding within the market
B) sufficient strength to prevent or discourage potential competitors from entering the market
C) government rules on prices, quantities, or conditions of entry in an industry
D) government regulations that provide no barriers to entry, exit, or competition

Question

Quizplus · Accepted Answer

A monopolistic firm ideally benefits from having strong barriers to entry that prevent or discourage potential competitors from entering the market, thereby maintaining its market power and profitability.

What Qualities Would Ideally Suit a Monopolistic Firm with Regard