Asked by
Shira Bareket
on Nov 16, 2024Verified
Barriers to entry only exist for monopoly markets.
Barriers To Entry
Barriers to entry are obstacles that make it difficult for new competitors to enter a market, including high startup costs, strict regulations, and established brand dominance.
Monopoly Markets
Markets dominated by a single seller, leading to less competition and higher prices for consumers.
- Understand the concept of barriers to entry and its impact on market structures.
Verified Answer
VC
Learning Objectives
- Understand the concept of barriers to entry and its impact on market structures.
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