Explain the equilibrium of firm under perfect competition market.

Asked by 1411 days ago  |  1528 views

1 Answers

  1. Thumb up
    Thumb down

    equilibrium of firm actually means when there is equal amount of demand and supply where firm earns his maximum profit with no loss of wastage and other storage costs. In perfect competion, it implies in different buyers and sellars attaining at no more quantity left with them.. Example-vegetable market

    Answered by: raj on Mar 18, 2011 Reply

Answer Question