Monopolies exist because of barriers to entry, obstacles that prevent other firms from entering an industry and competing for market share. For each case, indicate which barrier to entry applies. a. Coca-Cola's vast market share in the soft drink market: Network externalities Brand loyalty Control of a resource O Legal barrier b. China's control of the market for rare earths (a group of minerals used to produce electronics): Economies of scale O Network externalities Control of a resource Brand loyalty O Legal barrier

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