CBSE BOARD XII, asked by jjgftt, 1 year ago

Explain the implication of free entry and free exit of a firm in the perfect competition market.

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Answers

Answered by sssrohit005p4c0ey
1

: The implication of free entry and free exit of a firm in the perfect competition market is that in this market structure no company earn an unusual profit. Each company just earns a normal profit.

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