Short run equilibrium price

Short run equilibrium price and output determination under perfect competition:

A) As firm in the perfectly competitive market is a price-taker, it has to adjust its stage of output to maximize its gain. The goal of any producer is to maximize his profit.

B) The short run is a time period in which the number and plant size of the firms are set. In this period, the firm can generate more only by rising the variable inputs.

C) Since the entry of new firms or exit of the present firms is not possible in short-run, the firm in perfectly competitive market can either earn super-normal gain or normal gain or acquire loss in short period.

 

Latest technology based Economics Online Tutoring Assistance

Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Perfect Competition help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Perfect Competition, project ideas and tutorials. We provide email based Perfect Competition help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Perfect Competition. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Perfect Competition. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.