In Which of the Following Industry Structures Is the Entry

question 80

Multiple Choice

In which of the following industry structures is the entry of new firms the most difficult?

• A) Pure monopoly.
• B) Oligopoly.
• C) Monopolistic competition.
• D) Pure competition.

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Definitions:

Steps

Sequential actions or procedures followed to accomplish a particular goal, often laid out in a process or algorithm.

Possible Outcomes

In statistics and probability, these are the different results that can arise from a particular experiment or event.

Soccer Team

A group of players who play together in the sport of soccer, competing against other teams.

Outcomes

Possible results or consequences of an experiment or a situation, where each outcome is a distinct possibility.