In Which of the Following Market Structures Does Free Entry

question 267

Multiple Choice

In which of the following market structures does free entry and exit play an important role in the long-run equilibrium outcome? (i)
Perfect competition
(ii)
Monopolistic competition
(iii)
Monopoly

• A)(i) only
• B)(i) and (ii) only
• C)(ii) and (iii) only
• D)(i), (ii), and (iii)

---

Definitions:

Reiter's Disease

A form of inflammatory arthritis that develops in response to an infection in another part of the body, now more commonly referred to as reactive arthritis.

Right Hip

Refers to the hip joint on the right side of the body, connecting the thigh bone (femur) to the pelvis.

Movable End

The part of a structure or mechanism that is capable of moving or being moved in relation to other parts.

Muscle

Tissues in the body that contract and relax to produce movement, held together by connective tissue and supplied with nerves and blood vessels.