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Question Practice

Which of the following statements correctly describes free entry and exit in a market?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Market Equilibrium
Question Bank

Which of the following stateme...

Single Answer MCQ
Q-00089620

Which of the following statements correctly describes free entry and exit in a market?

1

Firms cannot leave if they are losing money

2

Only certain firms can enter the market

3

There are no barriers for firms to enter or exit

4

High fixed costs restrict entry

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