Major barrier to entry into an industry
The main barrier to entry into a sector is economies of scale because smaller companies starting big need to be able to match the low manufacturing costs of the companies already in existence. However, there are times when it is not required for all industries to have all large-scale production procedures....
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Why is there no supply curve in the monopolist
A supply curve A supply curve provides the ratio of costs to the quantity provided for each price. It is usually sloping upwards, i.e. it has a fantastic connection with product costs. Monopoly and the supply curve The company can determine the charge for selling its products in the case of a monopoly....
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