Barriers to entry in a perfectly competitive industry
A) are nonexistent
B) are impossible to overcome
C) are possible to overcome, but more difficult an obstacle to entry than are barriers in monopolistic competition
D) result from patents and economies of scale
E) are essentially financial rather than technical

Question

Quizplus · Accepted Answer

In a perfectly competitive industry, there are no barriers to entry, allowing new firms to enter the market freely.

Barriers to Entry in a Perfectly Competitive Industry