alleryStart learning →The forces that discourage or prevent potential competitors from entering a market are called:
ABarriers to entry
BEconomies of scale
CMarginal revenues
DConsumer surpluses
Answer & Solution
Correct answer: A. Barriers to entry
1. A monopoly can only persist if rivals cannot arrive to compete it away.
2. Barriers to entry are the legal, technological, or market forces that discourage or prevent potential competitors from entering a market.
3. They are what allow a single firm to keep a market to itself.
4. Economies of scale are one possible source of such a barrier rather than the general term.
_Source: OpenStax Principles of Microeconomics for AP(R) Courses 2e (CC BY 4.0), Ch 9 'Monopoly', sections 9.1-9.2_
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