![Short run profit max for a perfectly competitive firm - FreeEconHelp.com, Learning Economics... Solved! Short run profit max for a perfectly competitive firm - FreeEconHelp.com, Learning Economics... Solved!](https://4.bp.blogspot.com/-l1Y5FLEhhZU/TxsgQxlXJ8I/AAAAAAAAAZg/cvG38wYv5fE/s1600/PC+profit2.png)
Short run profit max for a perfectly competitive firm - FreeEconHelp.com, Learning Economics... Solved!
How can we have both positive producer surplus and zero economic profit under perfect competition? If P=MC in equilibrium and producer surplus is the difference between P and MC, how come producer
A firm in perfect competition may generate supernormal profit or incur losses in short run but it will always land up making normal profits in the long run. Do you agree? If
![Perfect Competition. Objectives After studying this chapter, you will able to Define perfect competition Explain how price and output are determined. - ppt download Perfect Competition. Objectives After studying this chapter, you will able to Define perfect competition Explain how price and output are determined. - ppt download](https://images.slideplayer.com/31/9640375/slides/slide_25.jpg)