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Monopoly market

Economics

What is the type of profit the firm earn in long run and short run on Monopoly market , normal or super narmal profit ?

Balaji R

CA Inter

★ 6K+

30-Jun-20 06:27

448

Answers (1)

In a monopoly, firm can earn a supernormal profit in the long run as well as a short run because the seller has control over the prices to be fixed of the product and the entry new firm is also restricted.

Sudha Reddy

CA Final

★ 20K+

30-Jun-20 09:49

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