#35 Perfect competition (long run Equilibrium) by Hardev Thakur

#35 Perfect competition (long-run Equilibrium) by Hardev Thakur __________________________________________________________________ In this video, we have talked about what is perfect competition and what are its characteristics. we have also discussed what is the difference between perfect competition and pure competition. we have discussed what is the equilibrium in perfect competition and how a firm achieve equilibrium in perfect competition. We have talked about what are the different conditions of supernormal profit, Normal Profit, and loss conditions. We talked about the long-run equilibrium of perfect competition and checked if a perfectly competitive firm earns a normal profit, Supernormal profit, or Losses in long-run perfect competition. how a firm gets an optimum size in long-run equilibrium in perfect competition. _______________________________________________________________ You can follow us on Instagram here:   / hardevthakurr   -------------------------------------------------------------------------------------------------- If you are getting the benefit you can support us by contributing to this UPI id: itshardevsingh@oksbi _____________________________________________ Perfect Competition What is pure competition difference between perfect and pure competition Equilibrium in Perfect Competition Class 11 economics Class 12 economics What is Perfect Equilibrium difference between perfect and pure competition short-run equilibrium of perfect competition Long-run equilibrium of perfect competition ____________________________________________ #PerfectCompetition #shortrunequilibriumofperfectcompetition #longrunequilibriumofperfectcompetition #Formsofmarket #equilibriumofperfectcompetitivefirm #whatisperfectcompetition #supplycurveoffirminperfectcompetition #Hardevthakur #Learntocompete