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Aahanamukherjee964
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Poll
Asked: 2022-03-28T11:32:47+00:00 In:

Implication of free entry and exit of firms under perfect competition is?

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Poll Results

100%(i) No firn cab earn abnormal profit in the long run ( 6 voters )
0%(ii) perfect Mobility
0%(iii) Absence of close substitute of product
0%(iv) Product differentiation
Based On 6 Votes

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I want to know the answer for this question. The question is from MCQ section of class NCERT solutions for class 12th Economics. I searched the answer for the question was not available there. If anyone did found the answer can mention here.

class 12 economicsmacro economics class 12
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    1 Answer

    1. (i) No firm cab earn abnormal profit in the long run. This is the correct answer as per my knowledge.

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