With _____, there are barriers to entry that keep competitors out of the market.

2 answers:

7 0

B, a monopoly because when a company monopolizes other companies, it means they're buying them out, which results in no competition

katovenus [111]2 years ago

5 0

The correct answer is B.

A monopoly is a market structure where a single firm serves the whole demand of a specific good or service. It does not face competitors because there are no products that can act as close substitutes, therefore, such firm has absolute market power to decide the price charged for its products. So, the monopoly is able to charge a higher price than in a perfect competition scenario and will earn much larger profits.

Morover, in order to protect its privileged position, the monopolist sets trade barriers that prevent new competitors from entering the industry. For example, monopolies are usually large firms that enjoy economies of scale therefore, if they want to, they can lower the prices of their products up to a point that is impossible for newly-born enterprises. Such cheap prices would attract the whole demand and the new firm would be forced to close down and abandon the sector.

You might be interested in

What was the Great Depression like socially?

Brut [27]

Answer:

While many businesses perished during the Great Depression, others actually emerged stronger.

Explanation:

3 0

2 years ago

What started the Yamasee War between settlers and American Indians in South Carolina in 1715? The Yamasee attacked Jamestown and

Korvikt [17]

The Yamasee had a strong resentment towards colonial settlers and traders in South Carolina

5 0

3 years ago

Read 2 more answers

Answel teu Explaining How did Rome's location affect its development?

Dimas [21]

Answer:

Rome's location on the Italian peninsula, and the Tiber River, provided access to trade routes on the Mediterranean Sea. As a result, trade was an important part of life in ancient Rome. ... Later, the Roman armies used these same routes to conquer large amounts of territory and expand the empire along the Mediterranean.

Explanation:

8 0

3 years ago

If you’re fluent in Spanish please answer these questions! Will give brainliest.

slamgirl [31]

Answer:

I think its "what are you doing on fridays after school"

6 0

2 years ago

Select all the correct answers. which two motivations spurred anti-trust legislation in the progressive era? protecting consumer

Ilya [14]

The two motivation includes the protection of consumers and dismantling of monopolies.

In order to better American society, more emphasis was placed on openness and accountability in government during the Progressive Era.

There have been numerous reforms throughout this time regarding, among other things: women's political rights, food safety regulations, civil service reform, workers' rights, and others.

Anti-trust laws were put in place as a set of guidelines to safeguard consumers from unfair business practises and promote competitiveness among producers.

Therefore, the Progressive Era's anti-trust laws were inspired by the need to safeguard consumers and break up corporate monopolies. The only method to break a legal monopoly is to put pressure on the government to alter the legislation and eliminate market limitations through a procedure known as deregulation. This may be the result of consumer demand, a shift in technology, or lobbying by businesses looking to enter a market.

Learn more about dismantling of monopolies:

brainly.com/question/27868407

#SPJ4

7 0

8 months ago