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22 April, 19:44

Which market structure has a single company or seller in a market with many barriers to entry?

A. Oligopoly

B. Perfect competition

C. Monopoly

D. Monopolistic competition

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Answers (2)
  1. 22 April, 20:34
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    The answer is C. Monopoly
  2. 22 April, 21:43
    0
    The question is asking which market structure has a single company or seller in a market with many barriers to entry and the answer is C. Monopoly. A monopoly is a situation where only one company has a chance to sell their products. Think for example about a national post company that is the only company that has the right to enter people's houses and access their mailbox - this is an example of a monopoly.
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