Unrestricted entry and exit into the market is found in
A) perfect competition and monopolistic competition.
B) perfect competition and oligopoly.
C) monopolistic competition and oligopoly.
D) perfect competition, monopolistic competition and oligopoly.
Answer: A
You might also like to view...
According to the quantity theory of money, inflation causes an increase in the money supply
Indicate whether the statement is true or false
The demand for firewood is likely to be more elastic in the summer than in the winter
a. True b. False
In the long run in a perfectly competitive market:
A. firms earn positive economic profits. B. firms operate at an efficient scale. C. supply is perfectly inelastic when all firms have the same cost structure. D. All of these are true.
The tradeoffs and connections between the goals of macroeconomics may be ___________ in the short run and the long run.
a. similar b. different c. identical d. problematic