Roopali pansari Asked a Question
July 13, 2021 3:13 pmpts 1 pts
16. Assertion (A) : In long run under Perfect Competition all firms invariably get only normal profit.3gd o Reason (R): All firms incur minimum aver- age cost and incur no selling cost due to absence of product differentiation. Codes: (A) Assertion (A) and Reason (R) both are Correct. (B) Assertion (A) is correct, but Reason (R) is incorrect. (C) Assertion (A) is incorrect, but Reason (R) is correct. (D) Assertion (A) and Reasorn (R) both are bes incorrect.
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  • Anju bala thankyou
    yes, assertion is incorrect in accordance to reason. in above question, assertion is not as per reason. because in long run, unlimited firms produce unlimited homogenous produc...
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