If there are no barriers to entering a market, it means that
ECONOMICS
WAEC 2011
If there are no barriers to entering a market, it means that
- A. anyone can become a buyer or a seller
- B. unwanted goods can always enter the market
- C. the market becomes a dumping ground
- D. the goods are not inspected
Correct Answer: A. anyone can become a buyer or a seller
Explanation
This means that the firms can enter or quit the industry as they wish
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