Question

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

Answer 1

Answer:

The Equilibrium of the Firm under Perfect Competition! The short run means a period of time within which the firms can alter their level of output only by increasing or decreasing the amounts of variable factors such as labour and raw materials, while fixed factors like capital equipment, machinery etc.

Answer 2

Answer:

Answer:

Explanation:

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.

Hope it helps you.