






 JAIN
DEEMED-TO-BE UNIVERSIT Y



 JAIN
DEEMED-TO-BE UNIVERSIT Y

`
JAIN
DEEMED-TO-BE UNIVERSIT Y

(a) Perfectly Competitive Industry (b) Perfectly Competitive Firm

Price of X

Price of X
D
S

E D=AR=MR=P
Pe Pe

S
D
O Q O
Quantity Demanded and Quantity Demanded and
Supplied Supplied
 JAIN
DEEMED-TO-BE UNIVERSIT Y





R&C

SMC

SAC

S D=AR-MR=P
Pe

R
E

O Qe Quantity Demanded and

Supplied
JAIN
DEEMED-TO-BE UNIVERSIT Y






SMC SAC
R&C

S
R

E D=AR-MR=P
Pe

O Qe Quantity Demanded and

Supplied
JAIN
DEEMED-TO-BE UNIVERSIT Y
JAIN
DEEMED-TO-BE UNIVERSIT Y





R&C

LAC
LMC

E D=LAR-LMR=P
Pe

O Qe Quantity Demanded and

Supplied
 JAIN
DEEMED-TO-BE UNIVERSIT Y

(a) Perfectly Competitive Industry (b) Perfectly Competitive Firm

Price of X
Price of X

LMC
D LAC
S

P1 P1
D1=AR1-MR1=P1

E
Pe Pe
D=AR-MR=P

P2 P2
D2=AR2-MR2=P2

S D
O Q Quantity Demanded O Qe Quantity Demanded
and Supplied and Supplied

Conclusion

⚫
 JAIN
DEEMED-TO-BE UNIVERSIT Y

⚫
JAIN
DEEMED-TO-BE UNIVERSIT Y
 JAINDEEMED-TO-BE UNIVERSIT Y

@
⚫