Choose an industry that can be explained as a monopoly market. Give details of this industry that make it a monopoly. What barriers exist that prevent other (new) companies from entering this industry? Make sure it’s in MLA format and there are 3 external courses used.
Here are the 3 sources I want you to use:
– https://opentextbc.ca/principlesofeconomics2eopenstax/chapter/how-monopolies-form-barriers-to-entry/
– https://www.britannica.com/topic/monopoly-economics
– https://www.economicshelp.org/blog/311/markets/monopolistic-competition/
You can choose any industry you want. Use quotes from the sources listed above.
If you. have any questions let me know.
