profit creates an incentive for other perfectly competitive firms to enter the market. (Use one word for the blank.)
Question
Solution 1
The word that fits in the blank is "entry."
In a perfectly competitive market, when existing firms generate profits, it serves as a signal to potential entrants that the market is lucrative. This profitability creates an incentive for other firms to enter the market, leading to increased competiti Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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