Unrestricted entry and exit into the market is found in
A. perfect competition, monopolistic competition and oligopoly.
B. perfect competition and oligopoly.
C. monopolistic competition and oligopoly.
D. perfect competition and monopolistic competition.
Answer: D
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What will be an ideal response?
Which of the following is most likely to happen to open-access wildlife resources?
a. They will be used efficiently. b. They will not be used at all. c. It will be unprofitable to use them. d. They will be used but will generate no profit. e. They will become extinct.
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Answer the following statement true (T) or false (F)
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