Assertion (A): In long run under Perfect Competition all firms invariably get only normal profit.
Reason (R) : All firms incur minimum average cost and incur no selling cost due to absence of product differentiation.
| 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 Reason (R) both are incorrect. |
Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
