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    Microeconomics Study Set 49
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    Exam 9: Perfectly Competitive Markets
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    An Industry in Which Any Potential Entrant Has Access to the Same
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An Industry in Which Any Potential Entrant Has Access to the Same

Question 55

Question 55

Multiple Choice

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


A) open entry.
B) restricted entry.
C) free entry.
D) profitable entry.

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