Economics

vidur.arora15
Posts: 1
Joined: Fri Dec 30, 2016 5:57 am

Economics

Postby vidur.arora15 » Sat May 06, 2017 4:23 am

Can firms earn economic profits in the short run in a perfectly competitive market?

edupristine
Finance Junkie
Posts: 871
Joined: Wed Apr 09, 2014 6:28 am

Re: Economics

Postby edupristine » Fri May 26, 2017 10:40 am

Hi Vidur,

There is no economic profit in perfectly competitive market as the market participants sells the products identical in nature.


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