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Free entry logo #10101) What a movie pass allows
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Free entry

Free entry logo #21000 In economics, free entry is a condition in which firms can freely enter the market for an economic good by establishing production and beginning to sell the product. In most markets this condition is present only in the long run. Free entry is part of the perfect competition assumption that there are an unlimited number of buyers and sellers in a ...
Found on http://en.wikipedia.org/wiki/Free_entry

Free entry

Free entry logo #21015The assumption that new firms are permitted to enter an industry and can do so costlessly. Together with free exit, it implies that profit must be zero in equilibrium.
Found on http://www-personal.umich.edu/~alandear/glossary/f.html
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