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Why does the firm under perfect …

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Why does the firm under perfect competition get normal profit under short run ?

Posted by Harshita Gautam 7 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Anubhav Singh 7 years, 8 months ago

Normal profits means when average revenue = total revenue.... Under this sitaution all firms under perfect competition were able to cover their variable cost only..... If firms under perfect competition gets abnormal profit then more firms will come and join the market and now all will earn normal profit bcoz abnormal profit is divided between firms

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