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Homework answers / question archive / Which one of the following statements about market structure is TRUE? A Perfect competition is distinguished from all other market structures because of the assumption of no barriers to entry/exit from the industry

Which one of the following statements about market structure is TRUE? A Perfect competition is distinguished from all other market structures because of the assumption of no barriers to entry/exit from the industry

Economics

Which one of the following statements about market structure is TRUE?
A Perfect competition is distinguished from all other market structures because
of the assumption of no barriers to entry/exit from the industry.
B Firms under monopolistic competition face horizontal demand curves for their
products.
C A monopoly will find that its average revenue is always greater than its
average costs.
D Under perfect competition, in the long run, each firm will find that its
marginal cost is equal to its average cost of production.

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