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प्रश्न
Which two forms of market earn normal profit in the long run?
विकल्प
Perfect competition and monopoly
Perfect competition and monopsony
Monopoly and monopolistic competition
Perfect competition and monopolistic competition
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उत्तर
Perfect competition and monopolistic competition
Explanation:
Perfect competition allows for free entry and exit, limiting firms to normal earnings over time. Monopolistic competition has low entry barriers, making it easy for new enterprises to enter the market. As a result, market supply increases. Increased availability leads to price reductions by enterprises. Therefore, corporations can only earn typical profits in the long run.
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संबंधित प्रश्न
In which type of market price discrimination is practiced? Explain with an example.
A seller cannot influence the market price under:
Indian Railways is an example of ______.
A monopolist is price maker:
Which among the following is a feature of monopsony market?
Producers in a monopoly are price makers. Briefly explain.
Give an example of oligopoly.
Why is there no need for selling cost under perfect competition?
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Define monopoly.
