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.