Why are barrier to entry crucial to success of monopoly firm, Microeconomics

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Why are barrier to entry crucial to success of monopoly firm

Problem

Why are barriers to entry crucial to the success of a monopoly firm? Explain why all monopoly profits will show up as returns to the factor or factors that provide the barrier to entry.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why are barrier to entry crucial to success of monopoly firm

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