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If firms are not free to enter and exit the market, then Multiple choice question. the rationing function of price cannot operate. firms will zero
If firms are not free to enter and exit the market, then Multiple choice question. the rationing function of price cannot operate. firms will zero economic profit in the long run. the allocative function of price cannot operate
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
