In Which of the Following Market Structures Does Free Entry

question 155

Multiple Choice

In which of the following market structures does free entry and exit play an important role in the long-run equilibrium outcome?

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

---

Definitions:

Informatics

The study and practice of creating, storing, finding, manipulating, and sharing information.

Bar-code Scanner

A device used to read and decode bar-codes, often utilized in retail, inventory management, and healthcare for tracking purposes.

Online Database

A digital collection of organized information or data, typically accessed via the internet, that can be searched and retrieved.

Pulse Oximetry

A non-invasive method to measure the oxygen saturation level of the blood, indicating how well oxygen is being sent to parts of the body furthest from the heart.