Ask Question
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

+1
Answers (2)
  1. 22 April, 20:34
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which market structure has a single company or seller in a market with many barriers to entry? A. Oligopoly B. Perfect competition C. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers