Question
Long run equilibrium of Monopoly and Perfect competition
Answer :
Word Count : 122
| Feature | Perfect Competition (Long-Run Equilibrium) | Monopoly (Long-Run Equilibrium) |
|---|---|---|
| Number of Firms | Many firms exist; entry and exit possible. | Single firm dominates; no close substitutes; entry blocked. |
| Profit | Firms earn normal profit (zero economic profit) in the long _________ _________ _______ ___ _________ __________ __________ _________ __________. _________ ______ ____ ________ _______ ____ ________. ________ _____ _______ _______ _____ ______ ______ _______ ____ _________ __________. ___ ___ _____ ______ _______ ____ __________ _______ ______ __________. ____ _________ _____ ________ ______. ____ ____ _________ _________ ________ ______ _________ _____ _______. ______ ______ ___ ____ ________ __________ ________ ____ _____ ___ ______ ______. _________ ________ __________ ______ _________ _____. __________ _______ _____ ________ ________. _____ ________ _________ ___ _____ _____ ___ ____ ____ __________ ______. _________ ______ _______ _________ _____ ___ __________. Get Full Answer on WhatsApp IGNOU NEWS Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★ Top |