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

supernormal profits

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normal profits

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break even

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any one of the above

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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.

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Similar questions

In the long run, firms under monopoly or oligopoly must only earn normal profits. State true or false.

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