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Barriers to entering an industry Multiple Choice encourage productive efficiency. encourage allocative efficiency. apply only to purely monopolistic industries. are the basis for monopoly.

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The barriers to entering an industry correspond to the basis of the monopoly.

What is monopoly?

It corresponds to a market configuration where only one company provides a product or service, characterizing a situation of imperfect competition.

Therefore, a monopolistic market can generate control of the market and the prices practiced, configuring in abusive situations and barriers to entry for competitors.

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