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प्रश्न
Give the meaning of the equilibrium of the industry.
लघु उत्तरीय
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उत्तर
An industry is a group of enterprises that produce uniform products. Yet, according to Prof. Hanson, “an industry will be in equilibrium when there is no tendency for the size of the industry to change; that is, when no firms wish to leave it and no new firms are being attracted to it.”
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