Tag Archives | Equilibrium of a Firm

Monopoly Equilibrium of a Firm in the Long Run | Markets

In this article we will discuss about the monopoly equilibrium of a firm in the long run. The Long-Run Adjustment Process in a Single-Plant Monopoly: In short-run equilibrium of a monopolistic firm, we know that the firm may earn more than normal or only normal profit, or, it may earn even less than normal profit, i.e., it may run into [...]

By Vanshika Ghosh|2016-09-17T15:56:53+05:30September 17, 2016|Monopoly Equilibrium|Comments Off

Equilibrium of a Firm under Monopolistic Competition | Markets

In this article we will discuss about the equilibrium of a firm under monopolistic competition. Assumptions of Equilibrium Analysis of a Firm: The equilibrium analysis of a firm under monopolistic competition is based on the following assumptions that are peculiar to monopolistic competition. (i) The firms here produce products of the product-group, each producing one particular product. (ii) They share [...]

By Vanshika Ghosh|2016-09-17T15:56:14+05:30September 17, 2016|Monopolistic Competition|Comments Off