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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
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
Explain three features of Perfect competitive market.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
Indian Railways is an example of ______.
Which among the following is a feature of monopsony market?
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Identify the market form of the following:
Goods sold are homogeneous.
Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
Lipstick
Why can a monopolist charge different prices in different markets?
Why an individual firm under perfect competition cannot influence the market price?
