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 |