Monopolies rely on barriers of entry to maintain the power, Business Economics

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Monopolies rely on barriers of entry to maintain the power

Monopolies rely on Barriers of Entry to maintain the power to set prices.

1. Carefully define and describe a natural monopoly plus TWO other types of entry barriers.

2. Explain why 1) monopolies are economically inefficient and 2) why regulators tend to be concerned about barriers to entry.

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Business Economics: Monopolies rely on barriers of entry to maintain the power

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Business Economics: Monopolies rely on barriers of entry to maintain the power

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