When is equilibrium in a perfectly competitive market established?
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Equilibrium in perfect competition is the point where market demands will be equal to market supply. A firm's price will be determined at this point. In the short run, equilibrium will be affected by demand. In the long run, both demand and supply of a product will affect the equilibrium in perfect competition.
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poverty is the lack of basic human needs nutrition by the health care of education on the face of adverbs weather condition..
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