Remember to save your answer. Which of the following factors lead to a monopoly market structure? (i) (ii) No close substitutes being available Perfect competition in the market (iii) Legal barriers to entry into the market (iv) No natural barriers to entry into the market A. Only (i) and (iii) are correct. B. Only (i) and (ii) are correct C. Only (iii) and (iv) are correct. D. Only (i), (iii) and (iv) are correct O E. Only (ii) and (iv) are correct.

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 1CA
icon
Related questions
Question

10

Remember to save your answer.
Which of the following factors lead to a monopoly market structure?
(i)
(ii)
No close substitutes being available
Perfect competition in the market
(iii) Legal barriers to entry into the market
(iv)
No natural barriers to entry into the market
A. Only (i) and (iii) are correct.
B. Only (i) and (ii) are correct
C. Only (iii) and (iv) are correct.
D. Only (i), (iii) and (iv) are correct
O E. Only (ii) and (iv) are correct.
Transcribed Image Text:Remember to save your answer. Which of the following factors lead to a monopoly market structure? (i) (ii) No close substitutes being available Perfect competition in the market (iii) Legal barriers to entry into the market (iv) No natural barriers to entry into the market A. Only (i) and (iii) are correct. B. Only (i) and (ii) are correct C. Only (iii) and (iv) are correct. D. Only (i), (iii) and (iv) are correct O E. Only (ii) and (iv) are correct.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning