2133EconomicsMedium
Which of the following is not a barrier to entry in a monopolized market?
AThe costs of production make a single producer more efficient than a large number of productions
BA key resource is owned by a single firm
CA single firm is very large
DThe government gives a single firm the exclusive right to produce some good
Correct answer
C. A single firm is very large
Explanation
The correct answer is A single firm is very large.