Barriers to Entry are Government-Created Monopolies.
A monopoly, as described by way of Irving Fisher, is a marketplace with the "absence of opposition", creating a state of affairs wherein a specific man or woman, or company is the handiest dealer of a selected aspect. In a natural monopoly, a producer controls the marketplace due to the fact it can meet the needs of all clients.
herbal monopoly: exists due to the excessive begin-up expenses or effective economies of scale of accomplishing an enterprise in a selected industry. A producer is probably the only issuer or services or products in an enterprise or geographic area.
authorities monopoly: A compelled form of market domination wherein a national, nearby or local management, organization or corporation is the only issuer of a specific true or service and opposition is prohibited by way of regulation. a government monopoly is normally created and run with the aid of a central authority, as opposed to by a non-public business.
technological monopoly, a producer controls production strategies important to supply a positive product, or has exceptional rights over the generation used to manufacture it.
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