Question

Which market structure has the HIGHEST barriers to entry?

monopoly

monopolistic competition

oligopoly

perfect competition

Answer 1

Answer:

A) Monopoly

Explanation

Type of market structure Level of barriers to entry

Perfect competition Zero barriers to entry

Monopolistic competition. Medium barriers to entry

Oligopoly High barriers to entry

Monopoly Very high to absolute barriers to entry

Answer 2

Monopoly

Step-by-step explanation:

Perfect competition Zero barriers to entry

Monopolistic competition Medium barriers to entry

Oligopoly High barriers to entry

Monopoly Very high to absolute barriers to entry

Hope it helps!