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प्रश्न
Which two forms of market earn normal profit in the long run?
पर्याय
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
Differentiated products is a characteristic of ______.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Which one of the following is NOT found in a perfectly competition market?
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Name the market in which there is a single buyer and many sellers.
Identify the market form from the following.
Price discrimination
Name the characteristic which makes monopolistic competition different from perfect competition.
What is a price making firm?
