equilibrium under perfect competition in hindi

Описание: above video describes you the equilibrium under perfect competition.
This video also explains you equilibrium under perfect competition in short run/short run equilibrium under perfect competition &equilibrium under perfect competition in the long run.
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Equilibrium -- A firm is in equilibrium when it has no tendency to change its level of output. It need neither expanssion nor contraction.
It wants to earn max. profits by equating its marginal cost with its marginal revenue, i.e MC = MR.

Conditions Of Equilibrium --

1- The marginal cost (MC) should be equal to marginal revenue (MR). That means the additional cost in producing one additional unit of output should be equal to the additional revenue generated through the scale of that unit.

2- The marginal cost curve (MC curve) should cut the marginal revenue from below.

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perfect competition in hindi---   • perfect competition in hindi  


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