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13 May, 13:36

Which of the following is NOT a barrier to entry that would allow a monopolist to keep potential competitors out of its market?

Significant economies of scale exist.

The firm has government authorization to be a monopoly.

The firm has a patent on the good or control over some resource required for the production of the good.

The market price of the product is too high.

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  1. 13 May, 17:33
    0
    Option (d) is correct.

    Explanation:

    Setting the high price for the products is not considered as the barrier to the other firms in the market.

    In a market condition of monopoly, there is only a single firm in the whole market. Economics of scale, Government authorization, patents and trademark are considered as the barriers to the entry of the other firms.

    And if other firms enters with a lower price of the products then they can obtained the significantly large share of the market.
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