Economy, asked by shubhangikadam9398, 8 hours ago

describ the short-run equilibrium of a firm under a perfect competition

Answers

Answered by qroyal022

Answer:

A short run competitive equilibrium is a situation in which, given the firms in the market, the price is such that that total amount the firms wish to supply is equal to the total amount the consumers wish to demand.

Answered by lovepikachu345

Answer:

Definition. A short run competitive equilibrium is a situation in which, given the firms in the market, the price is such that that total amount the firms wish to supply is equal to the total amount the consumers wish to demand.

Explanation:

hope it helps you thanks

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