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Discuss the meaning of perfect competition analyse the


Answer both questions. Each answer carries 50 marks.

Q1.Define business environment and also discuss the main factors of business environment. (750 words)

Q2. Discuss the meaning of perfect competition. Analyse the conditions in which the firm and the industry will be in equilibrium in the short and long run under perfect competition. (750 words)

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Anonymous user

2/20/2016 12:51:11 AM

For both the questions described below, answer each one in around 750 words by using the APA style. Q1.State business environment and as well describe the main factors of the business environment. Q2. Describe the meaning of perfect competition. Examine the conditions in which the firm and the industry will be in equilibrium in the short and long run in perfect competition.