alleryMatch entry traits: 1. Free: p. Open entry 2. Block: q. High wall 3. Ease: r. Zero sunk
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Perfect competition has free entry without barriers, whereas monopoly has blocked entry with high barriers.
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