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In perfect competition why the firm …

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In perfect competition why the firm end up earning extra normal profit? Explain.
  • 2 answers

Himanshi Singh 7 years, 5 months ago

thanks

Nitasha Yadav 7 years, 5 months ago

Because in perfect competition all firms have same product so they can not increase the price of products to earn extra normal profit because their have close substitute
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