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What do free entry and exit refer to? A)the repetitive process of the rise and fall of demand in the marketplace B)the ability of businesses to begin or end production and sales according to profitability C)the ability of businesses to hire and fire staff as needed for rising and falling levels of production D)the entry of mergers and exit of small producers common in perfectly competitive markets
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Question
Asked 5/23/2013 7:49:38 AM
Updated 3/29/2017 6:06:29 PM
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Flagged by matahari [3/29/2017 6:06:18 PM]
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User: What do free entry and exit refer to? A)the repetitive process of the rise and fall of demand in the marketplace B)the ability of businesses to begin or end production and sales according to profitability C)the ability of businesses to hire and fire staff as needed for rising and falling levels of production D)the entry of mergers and exit of small producers common in perfectly competitive markets

Weegy: D)the entry of mergers and exit of small producers common in perfectly competitive markets
Expert answered|Sofia04|Points 0|

Question
Asked 5/23/2013 7:49:38 AM
Updated 3/29/2017 6:06:29 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by matahari [3/29/2017 6:06:18 PM]
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Free entry and exit refer to the ability of businesses to begin or end production and sales according to profitability.

Added 3/29/2017 6:06:29 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [3/29/2017 11:45:28 PM]
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