Question

aurobindo Mitra works with TCS .his boos has given him to grant him more 1 week for the submission.draft a letter.(full letter)​

Answer 1

Answer:

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In the long run, any change in average total cost changes price by an equal amount. The message of long-run equilibrium in a competitive market is a profound one. The ultimate beneficiaries of the innovative efforts of firms are consumers. Firms in a perfectly competitive world earn zero profit in the long-run.