Economy, asked by ritikasaraswat37, 10 months ago

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​

Answers

Answered by smarty1310
1

Answer:

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

Explanation:

what you want to say????????

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Answered by divugolu17
1

Answer:

· 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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