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Economics - Financial Markets
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OpenStudy (anonymous):
which of the following market structure has the lowest barrier to entry? a) Monopoly b) Oligopoly c) Monopolistic Competition d) Perfect competition
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OpenStudy (anonymous):
Hello, Perfect competition has the lowest barrier to entry in theory, do to its easy entry and exit because of competition. Peace.
OpenStudy (anonymous):
Perfect Competition! Firms can easily enter the market when profits are high and exit it when profits are low.
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