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.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q50: Economic rent can be defined as:<br>A)always the
Q51: Which of the following is not
Q52: A perfectly competitive firm will always maximize
Q53: In a long-run perfectly competitive equilibrium,
Q54: A decreasing-cost industry is characterized by:<br>A)more firms
Q56: For an individual firm operating in the
Q57: A new firm may incur a cost
Q58: Sunk costs do not affect the profit
Q59: For an entire perfectly competitive industry, in
Q60: In a perfectly competitive industry, individual firms