wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Under monopoly, in the long-run what will the firm earn?

A
supernormal profits
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
normal profits
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
break even
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
any one of the above
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D any one of the above
In monopoly market, the firm usually earn super normal profits in the long run but sometimes due to bad market condition the firm might earn normal as well as no profit.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Tax System in India
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon