How to understand equilibrium of the firm in the short run and long run (perfect competition) - Quora
The diagram shows one of the short run equilibrium situations of a firm under perfect competition. - Sarthaks eConnect | Largest Online Education Community
![1. (a) Short-run and (b) long-run equilibrium in monopolistic competition | Download Scientific Diagram 1. (a) Short-run and (b) long-run equilibrium in monopolistic competition | Download Scientific Diagram](https://www.researchgate.net/publication/234032493/figure/fig1/AS:669568947216400@1536649085428/a-Short-run-and-b-long-run-equilibrium-in-monopolistic-competition.png)
1. (a) Short-run and (b) long-run equilibrium in monopolistic competition | Download Scientific Diagram
![a. a short-run equilibrium but not a long-run equilibrium. b. a short-run equilibrium and long-run equilibrium. c. a long-run equilibrium but not a short-run equilibrium. d. neither a short-run equilibrium nor a a. a short-run equilibrium but not a long-run equilibrium. b. a short-run equilibrium and long-run equilibrium. c. a long-run equilibrium but not a short-run equilibrium. d. neither a short-run equilibrium nor a](https://homework.study.com/cimages/multimages/16/capture2338726977227524969.jpg)