PRESENTED BY: • • • • • • •
ABHISHEK JAIN AMIT KUMAR ANKIT PANWAR ANUJ TOMAR ASHUTOSH P. SINGH NIVEDITA TARUN KUMAR
PG-08-30202 PG-08-30205 PG-08-30207 PG-08-30211 PG-08-30212 PG-08-30227 PG-08-30253
PRESENTED TO:PROF.MEGHNA SHARMA
Perfect competition is a competitive system in which a large number of firms produce a homogenous product for a large number of buyers.
SHORT-RUN PROFIT MAXIMIZATION USING THE TOTAL REVENUE–TOTAL COST METHOD FOR A PERFECTLY COMPETITIVE FIRM