The fundamental source of monopoly power is

Question

Allen Bright

Business

14 August, 08:54

The fundamental source of monopoly power is

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Answers (1)

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Demetrius Johnson · Answer 1

Answer: The correct answer is barriers to entry.

Explanation: The fundamental source of monopoly power is barriers to entry. There are a variety of barriers that may exist, depending on the industry that the monopoly is in. A possible barrier could be that one company has primary control over a necessary natural resource.