Question

What is short run decision under imperfect competition?

Answer 1

hey here is ur answer -

" short run decision under in perfect competition was that when we are in competition if in a group there was a head who was not present in the decision was taken by any other people who was not a head takes a certain decision because it was not taken by head, it was taken by the normal student ."

hope it helps u...❤❤

Answer 2

Explanation:

Short-Run Profit or Loss In the short run, a monopolistically competitive firm maximizes profit or minimizes losses by producing that quantity that corresponds to when marginal revenue = marginal cost. If average total cost is below the market price, then the firm will earn an economic profit.