Asked by
Alisha Quintal
on Nov 16, 2024
Verified
The fundamental cause of monopolies is barriers to entry.
Barriers to Entry
Obstacles that make it difficult to enter a certain market or industry, which may include high startup costs, strict regulations, or strong competitor presence.
- Recognize the fundamental causes and effects of barriers to entry in creating monopolies.
Verified Answer
LS
Learning Objectives
- Recognize the fundamental causes and effects of barriers to entry in creating monopolies.