Long Run Equilibrium of a firm under Perfect Competition | Normal Profit under perfect competition

Описание к видео Long Run Equilibrium of a firm under Perfect Competition | Normal Profit under perfect competition

Hello Everyone. Welcome to 'ecoso',
In this video, we will learn the equilibrium of a firm under perfect competition. In the long run all costs become variable due to excess profit new firm enter the industry and loss making firm. Leave the industry so remaining firm earn only normal profit.

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