Free Entry Is Said to Exist in an Industry When

question 64

Multiple Choice

Free entry is said to exist in an industry when ________.

• A) all firms entering the industry enjoy economies of scale
• B) entry to the industry is unfettered by any special legal or technical barriers
• C) equal amounts of inputs are available to all firms entering the industry
• D) the government subsidizes costs for all new firms entering the industry

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Definitions:

External Proposal

A proposition or plan submitted by an outside party to an organization or individual for consideration or action.

Persuasive Language

Language used to convince or influence someone to believe or do something.

Initialisms

Abbreviations consisting of initial letters pronounced separately, such as "FBI" for Federal Bureau of Investigation.

Internal Proposal

A document submitted within an organization suggesting a project or action to be undertaken.