#35 Perfect competition (long run Equilibrium) by Hardev Thakur

Описание: #35 Perfect competition (long-run Equilibrium) by Hardev Thakur
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In this video, we have talked about what is perfect competition and what are its characteristics. we have also discussed what is the difference between perfect competition and pure competition. we have discussed what is the equilibrium in perfect competition and how a firm achieve equilibrium in perfect competition. We have talked about what are the different conditions of supernormal profit, Normal Profit, and loss conditions. We talked about the long-run equilibrium of perfect competition and checked if a perfectly competitive firm earns a normal profit, Supernormal profit, or Losses in long-run perfect competition. how a firm gets an optimum size in long-run equilibrium in perfect competition.
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Perfect Competition
What is pure competition
difference between perfect and pure competition
Equilibrium in Perfect Competition
Class 11 economics
Class 12 economics
What is Perfect Equilibrium
difference between perfect and pure competition
short-run equilibrium of perfect competition
Long-run equilibrium of perfect competition
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