What you’ll learn to do: define and explain the sources of barriers to entry
So how does someone go about creating a monopoly, anyway? In this section, you’ll learn about the characteristics that lead to an environment where one business or firm could become a monopolist. Some monopolies form out of a government requirement, some because they control an essential resource, some because they are given an patent or have a copyright, or others because they intimidate competitors.
The learning activities for this section include the following:
- Reading: How Monopolies Form: Barriers to Entry
- Self Check: Barriers to Entry
Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.