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 |