QuestionMay 27, 2025

What qualities would ideally suit a monopolistic firm with regard to barriers to entry? sufficient strength to prevent or discourage potential competitors from entering the market government regulations that provide no barriers to entry, exit, or competition government rules on prices quantities, or conditions of entry in an industry a few impediments to limit new firms from operating and expanding within the market

What qualities would ideally suit a monopolistic firm with regard to barriers to entry? sufficient strength to prevent or discourage potential competitors from entering the market government regulations that provide no barriers to entry, exit, or competition government rules on prices quantities, or conditions of entry in an industry a few impediments to limit new firms from operating and expanding within the market
What qualities would ideally suit a monopolistic firm with regard to barriers to
entry?
sufficient strength to prevent or discourage potential competitors from entering the
market
government regulations that provide no barriers to entry, exit, or competition
government rules on prices quantities, or conditions of entry in an industry
a few impediments to limit new firms from operating and expanding within the market

Solution
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Answer

Sufficient strength to prevent or discourage potential competitors from entering the market; government rules on prices, quantities, or conditions of entry in an industry; a few impediments to limit new firms from operating and expanding within the market. Explanation 1. Identify key qualities A monopolistic firm ideally has strong barriers to entry that prevent or discourage potential competitors from entering the market. This includes government regulations that restrict entry, exit, or competition, and impediments that limit new firms from operating and expanding within the market.

Explanation

1. Identify key qualities<br /> A monopolistic firm ideally has strong barriers to entry that prevent or discourage potential competitors from entering the market. This includes government regulations that restrict entry, exit, or competition, and impediments that limit new firms from operating and expanding within the market.
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