English, asked by jigneshsharma523, 1 year ago

What is Usual price?

Answers

Answered by aniket261

1

A price that reflects the lowest possible average of the total cost of production with normal profit taken into consideration.

Answered by kingofself

0

Answer:

Usual Price:

A price which is the possible lowest average value of the total production cost with the profit which is normal is considered is called as usual price.
In perfect competitive market, if there is interaction of demand and supply, then equilibrium price is determined. This is also known as normal price.
In perfect competitive market, if there is interaction of demand and supply, then equilibrium price is determined. This is called usual price.

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