A monopoly is a unique market structure. Which of the following characteristics are necessary for a monopoly to exist? A. low start-up costs B. high barriers to entry C. higher prices & higher quality
A monopoly is a unique market structure. Which of the following characteristics are necessary for a monopoly to exist? A. low start-up costs B. high barriers to entry C. higher prices & higher quality
Chapter1: Making Economics Decisions
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Transcribed Image Text:A monopoly is a unique market structure.
Which of the following characteristics are
necessary for a monopoly to exist?
A. low start-up costs
B. high barriers to entry
C. higher prices & higher quality
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