3.4.5 Monopoly Entry Barriers (Edexcel A-Level Economics Teaching PowerPoint)

This editable and downloadable PowerPoint covers entry and exit barriers in monopolistic markets.

Entry barriers are basically anything that makes it difficult for new firms to enter a market. Some examples include:

Economies of scale: Established firms may have lower production costs due to their larger size, making it hard for smaller firms to compete.

Product differentiation: If a firm has a unique product or service, it can be hard for new firms to copy it or produce a comparable offering.

High fixed costs: Some industries require significant upfront investment, like research and development or specialized equipment, making it hard for new firms to enter.