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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
Define Discriminating Monopoly.
Non-price competition is ______.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
Define perfect competition.
Identify the market form of the following:
Market for toilet soaps in India.
To which market is price discrimination relevant?
What do you mean by homogeneous products?
What is meant by barriers to entry?
Identify the market form from the following.
Firm is a price maker.
Which of the following is an example of a perfectly competitive market?
