Question

A new firm can easily enter a/an market.
(a) Oligopoly
(b) Monopoly
(e) Perfectly competitive (d) All the above
TA​

Answer 1

Answer:

Perfectly competitive

Explanation:

easily enter a/an market

Answer 2

Option c is the correct answer.

A new firm can easily enter a/an market in the case of Perfectly competitive market.

1. In perfectly competitive market the firms are price takers and sell homogenous products.
2. Therefore, producers like the consumers have all the information of the market so consequently a new firm can easily enter the market.