Question: Thanks for your help:) (Market structure) Explain in words why the number of firms in a free-entry equilibrium may be less than proportional to market

Thanks for your help:)

(Market structure) Explain in words why the number of firms in a free-entry equilibrium may be less than proportional to market size. (Market structure) In some industries, the number of firms increases as market size increases. In other industries, the number of firms seems remarkably stable despite changes in market size. Discuss

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