Solved

When Considering Perfect Competition the Absence of Entry Barriers Implies

Question 13

Multiple Choice

When considering perfect competition the absence of entry barriers implies that


A) no firm can enter the industry.
B) firms can enter but cannot get out of the industry easily.
C) all firms will earn economic profit.
D) firms can enter and leave the industry without serious impediments.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents