Economy, asked by rupac039, 10 months ago

is entry of the firm open or closed under perfect competition​

Answers

Answered by megha233
0

Answer:

I think so close

but not sure

plz mark me as brainlist

Answered by radhikamishra0358
0

Answer:

Entry of all the firms dealing in homogenous commodity is free in PCM .

Explanation:

It's so because in a perfectly competitive firm there does not exist any strong barrier on entry or exit of any firm or consumers such as in monopoly market.

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