If there are no barriers to entering a market, it means t...
If there are no barriers to entering a market, it means that
Anyone can become a buyer or a seller
Unwanted goods can always enter the market
The market becomes a dumping ground
The goods are not inspected
Correct answer is A
This means that the firms can enter or quit the industry as they wish.
Public enterprises are established mainly to ...
Economic growth is different from economic development because economic growth ...
Price mechanism determines the prices of commodities through ...
The following are advantages of large scale agriculture except ...
The condition for equilibrium price and quantity under perfect competition is ...
Under conditions of perfect competition, a firm's supply curve is determined by its ...
Bills of exchange originates from a ...
Persistent fail in the general price level is known as ...
The technical relationship between the physical inputs and the physical outputs of a firm is ...