Respuesta :
In both price-taker and competitive price-searcher markets The entry of additional firms into the market and the eventual restoration of zero long-run economic profits.
What it means to be a price taker?
A price-taker is a private or company that must accept prevailing prices in a market, lacking the market share to influence market value on its own. thanks to market competition, most producers also are price-takers
A price-taker is a private or company that must accept prevailing prices in a market, lacking the market share to influence market value on its own. All economic participants are considered to be price-takers during a market of perfect competition or one in which all companies sell an identical product, there are not any barriers to entry or exit, every company features a relatively small market share, and every one buyers have full information of the market
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