Business, Legal & Accounting Glossary
The assumption that new firms are permitted to enter an industry and can do so costlessly. Together with free exit, it implies that profit must be zero in equilibrium.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Free Entry are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.