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- Nikita Chetry
- Latest Answer: 1 week ago
- In: Commerce
What do you mean by "free entry" under perfect competition?
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1 Answers
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- Answered By Nikita Chetry
- Answer: 1 week ago
"Free entry" means sellers under perfect competition are free to move in and out of the market. There are no barriers on entry of new firms.
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