Short Run Equilibrium under Perfect Competition | 3 Conditions of Equilibrium | Super Normal Profit

Описание к видео Short Run Equilibrium under Perfect Competition | 3 Conditions of Equilibrium | Super Normal Profit

Hello Everyone. Welcome to 'ecoso',
In this video, we will learn the equilibrium condition for profit maximisation. Also you will understand the short run equilibrium of a firm under perfectly competitive market.
Following topics are covered in this video
• Equilibrium conditions for profit maximisation
• MR MC approach
• Super normal excess profit
• Normal profit
• Loss

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