Asked by Ellen Likens on Jul 28, 2024
Verified
Which of the following industries is most likely to exhibit the characteristic of free entry?
A) Mineral mining
B) Electricity
C) Fashion jewelry
D) Satellite radio
Free Entry
A market condition where there are no barriers for new competitors to enter the market and compete with existing firms.
Fashion Jewelry
Jewelry designed to complement the current fashion trends rather than serve as collectible or investment items, often made with non-precious materials.
Mineral Mining
The process of extracting minerals from the earth, which can include metals, gems, and other geological materials.
- Acquire knowledge on the principal characteristics of a competitive market.
Verified Answer
Learning Objectives
- Acquire knowledge on the principal characteristics of a competitive market.
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