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Barriers to entry with a monopoly would NOT include: a. government restrictions b. ownership of an...

Barriers to entry with a monopoly would NOT include: a. government restrictions b. ownership of an essential, natural resource c. a well-known brand name with loyal customers

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Answer #1

Government restrictions can get to form monopoly like patenting etc and also ownership of an essential, natural resource can also get to form monopoly where without the ownership no one could enter the market. However, though being a well known brand name with loyal customers, it does not account for entry barrier as a new company can get to hold even a minute share on the market by its entry all in all. The original firm might enjoy the previliges of monopoly but it is not entirely monopoly on the whole.

Therefore (c) a well-known brand name with loyal customers is the answer

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