Free entry means that
A) there are no costs of entering into an industry.
B) no legal barriers prevent a firm from entering an industry.
C) a firm's marginal cost is zero.
D) a firm has no fixed costs in the short run.
Correct Answer:
Verified
Q48: Table 14-3
Use the information for a competitive
Q49: Table 14-3
Use the information for a competitive
Q50: Comparison of marginal revenue to marginal cost
Q51: Table 14-3
Use the information for a competitive
Q52: Total profit for a firm is calculated
Q54: Table 14-3
Use the information for a competitive
Q55: Table 14-2
The following table presents cost and
Q56: Table 14-3
Use the information for a competitive
Q57: Table 14-2
The following table presents cost and
Q58: Table 14-2
The following table presents cost and
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