Suppose barriers to entry exist in the telecommunications industry. this best describes a market.

Suppose barriers to entry exist in the telecommunications industry. This best describes a monopolistic market. In a monopolistic market  barriers to entry exist because one firm can operate at a lower marginal cost than its competitors. Providers of water, natural gas, telecommunications, and electricity are often granted exclusive rights to service municipalities through local governments and are example of monopolistic markets.

answer; ethnocentrism;

answer; collectivism;