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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.
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
There is no difference between perfect competition and pure competition.
Which of the following market types has the fewest number of firms?
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Give three points of difference between perfect competition and monopoly.
Identify the market form of the following:
Market for toilet soaps in India.
Explain the main characteristics of a monopoly.
Elaborate the price discrimination feature of monopoly.
Identify the market form from the following:
A few large sellers
Name the characteristic which makes monopolistic competition different from perfect competition.
