In which market model are the conditions of entry into the market easiest?
A) pure competition
B) pure monopoly
C) monopolistic competition
D) oligopoly

Question

Quizplus · Accepted Answer

In a pure competition market, there are no barriers to entry, which means that it is the easiest market model for new firms to enter. In a pure competition market, any firm can freely enter or exit the market, and all firms have equal access to the same technology, resources, and market information. Therefore, new firms can easily enter the market since there are no substantial entry costs, and they can offer goods and services at the same price as the existing firms.

In Which Market Model Are the Conditions of Entry into the Market