Bring out the essential difference in the nature of equilibrium of a firm under perfect competition.


Bring out the vital estrangement in the character of makeweight of a rooted below complete rivalry in the soon run and in the hanker run. How is soon-run accoutre incurvation of a rooted acquired below complete rivalry? Why can’t it be downward sloping? Suppose a competitive rooted is in hanker-run makeweight. What accomplish supervene to cost in the hanker run if there is a melt in claim for the work of the assiduity?