problem 1: Under which market form a firm is the Price Taker?
problem 2: Sketch a Demand Curve under the Perfect Competition. Also illustrate it.
problem 3: State the term Equilibrium price with appropriate ex?
problem 4: When does the condition of excess supply Curve occur?
problem 5: What do you mean by Profit Maximization condition for the Perfect Competition? describe in detail.
problem 6: Why is the organization under the Perfect Competition a price taker?
problem 7: Describe the three feature of the Perfect Competition.
problem 8: Describe the determination of the Equilibrium Price under Perfect Competition with the aid of Schedule.
problem 9: Show that a raise in the demand leads to a drop in the price of the commodity?
problem 10: Diagrammatically symbolize the impact of a reduction in the Supply on Equilibrium Price.