**Quiz Question: Industry Exit and Asset Disposal**Freedom of exit from the industry means the perfect competitor can move to a different industry and dispose of his equipment at a market price, less depreciation.- ○ True- ○ FalsePlease select the correct answer by choosing "True" or "False". **Explanation**: This question tests your understanding of market dynamics and asset valuation in the context of perfect competition. Depreciation refers to the reduction in value of assets over time.

In a market, the barriers to entry and exit refers to the situation when firms has less or no…

Answered: Freedom of exit from the industry means…

Freedom of exit from the industry means the perfect competitor can move to a different industry and dispose of his equipment at a market price, less depreciation. True False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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