Which of the following industries is most likely to exhibit the characteristic of free entry?
A)electricity
B)satellite radio
C)mineral mining
D)tennis shoes

Question

Quizplus · Accepted Answer

The tennis shoes industry is most likely to exhibit the characteristic of free entry as it is a relatively easy market to enter with low barriers to entry. Unlike the other industries listed, there are no significant barriers like large capital investments or government regulations that prevent new firms from entering the market. Therefore, new firms can easily enter the industry and compete with existing firms.

Which of the Following Industries Is Most Likely to Exhibit