![](https://drsonikagupta.com/wp-content/uploads/2020/11/COMPETITIVE-MARKET.jpg)
Competitive Market
November 23, 2020![](https://drsonikagupta.com/wp-content/uploads/2020/11/bfm-Isoquants-Producers-Equilibrium.jpg)
Isoquants & Producer’s Equilibrium (BFM and BIM)
November 23, 2020This presentation covers the following concepts:
- Meaning of Firm
- Total Revenue and Total Cost
- Marginal Revenue and Marginal Cost: Short-run and Log-run
- Equilibrium of Industry and Firm