In Which of the Following Market Structures Does Free Entry

question 494

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)

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