in perfect competition market firm is earning super normal profit normal profit and losses in short run. why firms is earning different situations in same market . justify
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in perfect competition market firm is earning super normal profit normal profit and losses in short run. why firms is earning different situations in same market . justify
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· Supernormal profit is all the excess profit a firm makes above ... In the long -term firms will make normal profit. Perfect competition is a market structure which involves profit.
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