Monopoly result 56

Distinguish between a natural monopoly and a legal monopoly Explain how When barriers to entry are high enough, monopoly can result Barrier to

A monopoly generates less surplus and is less efficient than a competitive market, and therefore results in deadweight loss

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monopoly big baller score There are many types of monopolies, including: Natural monopoly: This monopoly results from the local region's natural conditions For example, if only one