Question

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

Answer 1

Answer:

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

Answer :-  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

Whereas P = MR = MC and P = AC zero ...