![Perfect Competition Many buyers & sellers (no individual has mkt power) Homogeneous product – no branding or differentiation Perfect information – consumers. - ppt download Perfect Competition Many buyers & sellers (no individual has mkt power) Homogeneous product – no branding or differentiation Perfect information – consumers. - ppt download](https://slideplayer.com/slide/13807330/85/images/5/Perfect+Competition+%E2%80%93+Short+Run+%2F+Long+Run.jpg)
Perfect Competition Many buyers & sellers (no individual has mkt power) Homogeneous product – no branding or differentiation Perfect information – consumers. - ppt download
![Short run equilibrium of a firm under perfect competition showing abnormal profit, normal profit, loss and shut down point. - Owlgen Short run equilibrium of a firm under perfect competition showing abnormal profit, normal profit, loss and shut down point. - Owlgen](https://cdn.owlgen.in/wp-content/uploads/2016/09/sepdiagfour.png)
Short run equilibrium of a firm under perfect competition showing abnormal profit, normal profit, loss and shut down point. - Owlgen
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explain why a PC firm can only make abnormal profit in the short run but necessarily makes normal profit in long run - Quintessential Education. IGCSE IB Tuition Specialists
![Perfect competition. Learning Objectives At the end of this chapter you will be able to Explain the assumptions of perfect competition Distinguish. - ppt download Perfect competition. Learning Objectives At the end of this chapter you will be able to Explain the assumptions of perfect competition Distinguish. - ppt download](https://images.slideplayer.com/32/10016124/slides/slide_14.jpg)