A monopoly can be temporary because of:
A) high barriers to entry.
B) privileges granted by the government.
C) economies of scale.
D) economic profits, which attract rivals.

Question

Quizplus · Accepted Answer

A monopoly may be temporary due to the economic profits that it generates, which can attract potential competitors to enter the market. These new entrants create competition, reducing the market share of the existing monopoly.

A Monopoly Can Be Temporary Because Of