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:

Spiritual Leadership

A leadership style that transcends traditional practices by incorporating spirituality to inspire and motivate followers.

Long-Term Welfare

Concern for the enduring well-being and prosperity of individuals, communities, or entities over an extensive period.

Unethical Process

Actions or procedures that go against moral principles and do not conform to ethical standards.

Inflate Profits

The act of artificially increasing a company's profit figures through deceptive or unethical accounting practices.