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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.
संबंधित प्रश्न
Following is not the feature of perfect competition:
There is no difference between perfect competition and pure competition.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
What are selling costs?
In which form of market is the seller a price taker? Justify your answer.
Identify the market form of the following:
Motor car market in India.
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Give an example of monopoly.
What is meant by barriers to entry?
Why are selling costs incurred?
