In which market model are the conditions of entry the most difficult?
A)monopolistic competition
B)pure competition
C)pure monopoly
D)oligopoly

Question

Quizplus · Accepted Answer

In a pure monopoly, a single firm controls the entire market with no close substitutes, making the barriers to entry extremely high. This can be due to control over a key resource, government regulation, or significant economies of scale.

In Which Market Model Are the Conditions of Entry the Most