Ownership of a scarce factor of production is the barrier to entry which primarily accounts for the monopoly of

A) utility companies.
B) state lotteries.
C) social sites like Facebook.
D) the DeBeers' diamond syndicate.

Scarce Factor Of Production

An input required for the production process that is in limited supply, potentially constraining output.

Monopoly

A market framework in which there is only one seller offering a distinctive product to the market.