An industry in which any potential entrant has access to the same technology and inputs as existing firms is said to be characterized by

Name: An industry in which any potential entrant has access to the same technology and inputs as existing firms is said to be characterized by
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Question

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Free entry refers to a market condition where new firms can enter the industry without facing significant barriers, having access to the same technology and inputs as existing firms.

An Industry in Which Any Potential Entrant Has Access to the Same