Friday, January 29, 2021

IMPORTANCE OF TIME ELEMENTS IN DETERMINATION OF PRICE UNER PERFECT COMPETITION

https://www.gargshashi.com/2019/10/perfect-competition.html 

LINK FOR PERFECT COMPETITION

 IMPORTANCE OF TIME ELEMENT IN DETERMINATION OF PRICE UNDER PERFECT COMPETITION
BUSINESS ECONOMICS/MICRO ECONOMICS

   DR SHASHI AGGARWAL

Q.      EXPLAIN THE IMPORTANCE OF TIME ELEMENTS IN PRICE DETERMINATION UNDER PERFECT COMPETITION

  1. ANSWER : INTRODUCTION TO PERFECT COMPETITION
  2. EXPLANATION OF TIME PERIOD AND THEIR SIGNIFICANCE
  3. DETERMINATION OF PRICE UNDER VERY SHORT PERIOD AND SHORT PERIOD AND LONG PERIOD.