A monopoly is most likely to emerge in a market when

A) the producers in the market have U-shaped average total cost curves.
B) the price elasticity of demand for the product is high.
C) the cost of entry and exit into the market is low.
D) economies of scale are large relative to market demand.

U-Shaped Average

This term seems unclear; possibly referring to the 'U-shaped' curve of the average cost, which decreases, reaches a minimum, and then increases with production volume.

Price Elasticity

Evaluating how price changes for a good translate into variations in consumer interest.

Cost of Entry

The initial capital and expenses required to start a business or enter a market.