marquislloyd1998 marquislloyd1998
  • 26-04-2017
  • Mathematics
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Which market structure has a single company can or seller in a market with many barriers to entry

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nahinkhanom nahinkhanom
  • 26-04-2017
The question is asking which market structure has a single company or seller in a market with many barriers to entry and the answer is C. Monopoly. A monopoly is a situation where only one company has a chance to sell their products. Think for example about a national post company that is the only company that has the right to enter people's houses and access their mailbox- this is an example of a monopoly.
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