Competition and Monopoly, economics homework help

Conditions of entry and exit are important determinants of market behavior and outcomes. Imagine yourself working in a firm that sells skills, abilities, and time to other firms. In other words, you are a supplier of an input to the processes of other firms, or possibly directly to consumers.

• Analyze the conditions of entry and exit in the market for your labor.
• Have these, directly or indirectly, influenced your choice of job, occupation, and career?