Free Entry and Exit of Firms Is a Characteristic Of

question 112

Multiple Choice

Free entry and exit of firms is a characteristic of:

• A)all industries in the U. S. economy.
• B)perfectly competitive industries.
• C)centralized economies.
• D)industries in which firms are earning positive economic profit.

---

Definitions:

Nearest Cent

Rounding a monetary amount to the closest cent, commonly used in cash transactions to simplify payment.

Evaluate

To evaluate or ascertain the worth, importance, or state of something by conducting a thorough examination and analysis.

Evaluate

To calculate the value of an expression or determine the outcome of an equation based on given values or conditions.

Mixed Number

A number consisting of an integer and a proper fraction.