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A monopolist, unlike a competitive firm, has some market power because of barriers to entry. That is, other companies cannot enter the market to create competition in that particular industry. Consider the following scenarios Terra Communications can deliver cable TV services to five million households at a cost of ten dollars per household per month. The demand for cable TV Services Is such that five million households are willing to pay ten dollars a month for it. Alta, another broadcasting company, has been trying to deliver cable TV services in the same market. but has been unable to do so. Is there an entry barner in this scenario, and if so, what is the source? Select the best answer. Answer Keypad Keyboard Shortcuts O The firm's technological superiority is the entry barrier. O There is no entry barrier. O Terra Communications control over an important resource, the cable network. prevents other firms from entering the market O The significant economies of scale create an entry barrier such that there is not room for two firms in the market