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Characteristics of Monopoly
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Problem 10
Characteristics of Monopoly
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12. Monopoly / Characteristics of Monopoly / Problem 10
Problem 10
Which of the following scenarios best illustrates a barrier to entry in a monopoly?
A
A company owning all the diamond mines in a region, preventing new entrants.
B
A tech startup entering a market with low initial costs.
C
A new coffee shop opening in a city with many existing coffee shops.
D
A farmer selling wheat in a competitive market.
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