Question

entry to the market for new frims in blocked in ______​

Answer 1

Explanation:

monopoly market

Barriers are not entry is natural or legal restriction that restricts the entry of new firms into the industry. Hence, a firm has legal control over other firms. There is restricting competition in the market. In monopoly market, advertising is depends to the product sold.

Answer 2

Answer:

monopoly

• the monopolist is the sole producer in the industry and there are large barriers to entry . this may be artificial such as intellectual patents or natural such as limited industry or economic feasibility