Question

what type of market is an independent entry and exit of firms​

Answer 1

Answer:

entry: the long-run process of firms entering an industry in response to industry profits exit: the long-run process of firms reducing production and shutting down in response to industry losses long-run equilibrium: where all firms earn zero economic profits producing the output level where P = MR = MC and P = AC zero ...

Answer 2

Perfectly Competitive market

Explanation

In perfectly competitive market there is an independent entry and exit of firms because:

• No restrictions for any firm whether to stay or not.
• It only depends on economic considerations.
• No issue how much firms come and go ,if you want to stay you can if not then you may go.
• As there are large number of firms  so it do not have any bother about which firm is not working buyers will then move to the another firm.