A monopoly can be temporary because of:
A) high barriers to entry.
B) privileges granted by the government.
C) economies of scale.
D) technological change.

Question

Quizplus · Accepted Answer

Technological change can disrupt the market and create new competitors, thereby breaking a company's monopoly. For example, the rise of online streaming services disrupted the monopoly of traditional cable companies.

A Monopoly Can Be Temporary Because Of