Features: innumerable buyers and sellers (none can move the price); homogeneous product; free entry and exit; perfect information; no transport friction; firms are price takers. Price/output: firm equilibrium at MR (=P) = MC; short run — supernormal profit, normal, or loss (produce while P ≥ AVC; shut down below AVC — the shutdown point); long run — entry/exit drives price to the minimum ATC: normal profit only, P = MC = minimum ATC — the benchmark of allocative and productive efficiency. Reality check: pure perfect competition is a model, a measuring rod — vegetable and grain mandis approach it; nothing in Nepal (or anywhere) perfectly attains it. Its function is to define what "competitive" means in law — the standard against which Competition Promotion and Market Protection Act 2063 (2006) interventions are judged.
5 A. Perfect Competition
यो उत्तर युनिट 3 मा छ — सुरुवात निःशुल्क, पूरा उत्तर प्याकेजमा।
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यहीँबाट पूरा उत्तर
यो उत्तर Features: innumerable buyers and sellers (none… … बाट अगाडि बाँकी छ। प्याकेज सक्रिय गरेपछि यही पेजमै पूरा पढ्न पाइन्छ — PDF छैन, अनलाइनमा मात्र।
- रु. ३०० · ३० दिन · एउटा प्याकेज
- हरेक विषयको पहिलो युनिट निःशुल्क
- फोनमै पढ्ने, बुकमार्क राख्ने
पहिले निःशुल्क युनिट पढेर हेर्नुहोस् — नहेरी किन्नु पर्दैन।
यही युनिटका अरू उत्तर
- 3.1 Concepts of Cost
- Distinguish accounting profit from economic profit; where does normal profit sit? 2.
- Why is AFC a rectangular hyperbola? 3.
- State the profit-maximisation condition and its two differences between perfect competition and monopoly. 4.
नोट AI-सहयोगमा बनेका हुन्; मुद्दाको नाम, मिति र धारा पाठ्यपुस्तक र नेपाल कानून पत्रिकासँग आफै जाँच्नुहोस्।