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Tag: PRICE AND OUTPUT DETERMINATION UNDER PERFECTCOMPETITION

Explain the price and output determination under perfect competition under short run and long run.

20 December, 2024 Haseena Banu 0 Comments ECONOMICS 5

Introduction: In a perfect competition market structure, price and output determination occur through the interaction of demand and supply forces. Individual firms are price takers, meaning they accept the market price determined by the overall

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