Question

What type of market is an independent entry and exit of firms?​

Answer 1

Answer:

Free and Fair Market

Explanation:

Hope it helps you

Answer 2

Answer:

Perfect Competition market is an independent entry and exit of firms

Explanation:

Perfect Competition market

It is a type of market wherein there is an extremely enormous number of purchasers and dealers of a homogeneous item.

A singular firm is a price taker.

Various features of perfect competition are:

(I) a Very enormous number of buyers and sellers.

(ii) Homogeneous item/indistinguishable items.

(iii) Free entry or exit of firms.

(iv) Perfect information.

(v) Perfect versatility of factors of production.

(vi) Absence of transportation cost.

(vii) Firms are price takers and industry is a price maker.