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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
Define Discriminating Monopoly.
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Pick the option which does not belong to the group.
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Which of the following is the least competitive market?
Give three points of difference between perfect competition and monopoly.
Give an example of oligopoly.
Why is there no need for selling cost under perfect competition?
Which of the following is an example of a perfectly competitive market?
In which type of market are firms interdependent and a few large firms dominate?
