UGC NET
Anushka Asked a Question
April 19, 2021 1:57 pmpts 30 pts
  • UGC NET
  • Economics

What is premium in this theory

what is premium in this theory ?.....................
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  • Ravindra nath mahto Best Answer
    Anushka, the meaning of premium is the surcharge or additional charge. But the question is that premium over what? The firms do not charge premium over short run and long run compe...
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  • Reshma gupta
    in bain model here premium.means profit. in short term firms can not increase there price for more profit ,it will attract other firms so in the long period they will go for the pr...
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