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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
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Correct Answer: Option A
Explanation

This means that the firms can enter or quit the industry as they wish

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