Economy, asked by riyagrover1197, 11 months ago

discuss the price determination under perfect competition in long period

Answers

Answered by KeshavGiri

6

Answer:

Price Determination under Perfect Competition (With Diagram) Determination of Market Price: Market price is determined by the equilibrium between demand and supply in a market period or very short run. The market period is a period in which the maximum that can be supplied is limited by the existing stock.

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