Assertion A In long run under Perfect Competition all firms invariably get only normal profit n...........

Miscellaneous Others

Assertion (A) : In long run under Perfect Competition all firms invariably get only normal profit. (2 marks)

Reason (R) : All firms incur minimum average cost and incur no selling cost due to absence of product differentiation.

Codes :

Assertion (A) and Reason (R) both are correct.

Assertion (A) is correct, but Reason (R) is incorrect.

Assertion (A) is incorrect, but Reason (R) is correct.

Assertion (A) and Reason (R) both are incorrect.

Assertion (A) and Reason (R) both are incorrect.

Submit Error