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Sagot :
1. When New Firms Enter A Market, Existing Firms Will Sell Than Before, And Their Market Power Will decrease
2. When firms exit the market, remaining firms will sell more than before. And market power will increase.
3. If there is free exit from and entry into an industry, long-run economic profits will be equal to zero.
What is meant by market entry?
Market entry refers to all the steps used to introduce a good or service to a new market, whether that market is a new nation, group of people, or client base.
Economists use the phrase "free entry" to refer to a situation in which producers can freely enter the market for an economic good by starting production and selling the commodity. In a similar vein, free exit happens when a firm is free to leave the market when it experiences financial losses.
Read more on market entry here:https://brainly.com/question/17486260
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