​In a competitive industry

A) ​the industry has high barriers to entry
B) the industry has high barriers to exit
C) the industry has high barriers to entry and exit
D) ​the industry has no barriers to entry or exit

Competitive Industry

An industry characterized by many sellers, where no single company can control market prices.

Barriers To Entry

Factors that prevent or hinder companies from entering a particular market or industry.

Barriers To Exit

Factors that make it difficult or costly for a company to leave a market or industry.