No products in the cart.

Q. In the perfect comp. Market …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Q. In the perfect comp. Market why are the firm not earn abrnomal profit as well as abnormal loss in long run

Posted by Nitin Dixit 6 years, 11 months ago

CBSE > Class 12 > Economics

3 answers

Ritu Manon 6 years, 11 months ago

Because of free entry and exit of firm feature of perfect competition .

Nitin Dixit 6 years, 11 months ago

Wrong

Mr. Nd Stranger 6 years, 11 months ago

Coz , in perfect competition firm is a price taker not a price maker . Industry is the price maker .....thats why if any firm do change in its price then, there will be no effect on the industry. So, in the long run firm earns normal profit ......may be there can be 1 more point for the same....i m jot writing bcoz it will be too large..HAVE A NYC DAY BOY..??

ANSWER

https://examin8.com

Test

Related Questions

Economic Reforms Since 1991 notes

Posted by Dipika Sharma 1 year, 6 months ago

CBSE > Class 12 > Economics

0 answers

What is deficit ?

Posted by Sakshi Singh 5 months, 3 weeks ago

CBSE > Class 12 > Economics

1 answers

Two types of marke diagram and explanation

Posted by Rijum Karlo 1 year, 6 months ago

CBSE > Class 12 > Economics

0 answers

Economics project on function of RBI

Posted by Mehar Ansari 1 year, 6 months ago

CBSE > Class 12 > Economics

0 answers

Industrial licensing was used to promote regional equality. Discuss

Posted by Niyati Garg 1 year, 5 months ago

CBSE > Class 12 > Economics

0 answers

What is receipt?

Posted by Geeta Gautam 1 year, 5 months ago

CBSE > Class 12 > Economics

0 answers

why should the aggregate final expenditure of an economy be equal to the aggregate factor payment

Posted by Nandita Sharma 1 year, 6 months ago

CBSE > Class 12 > Economics

1 answers

Trends in credit availability

Posted by Shruti Singh 1 year, 6 months ago

CBSE > Class 12 > Economics

0 answers

Explain the limitation of GDP as wellfare

Posted by Naman Jain 1 year, 5 months ago

CBSE > Class 12 > Economics

1 answers

Is inclusive growth Achievable for a developing country like India when exposed to the process of privatisation and globalization

Posted by Niangmuankim Vaiphei 1 year, 5 months ago

CBSE > Class 12 > Economics

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App