Lecture on Perfect Competition - Assignment Point
Lecture on Perfect Competition
Subject: Economics | Topics: ,

This lecture focus to presentation on Perfect Competition, in financial market. Perfect Competition means many buyers and sellers, identical products, no barriers to either entry or exit, and buyers and sellers have perfect information. Here briefly explain on Break-even price, Short-run supply curve and Long-run equilibrium. Finally analysis Long-run equilibrium and economic efficiency and Consumer and producer surplus with graphical explanation.

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