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Monopoly market

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

Balaji R

CA Inter

6K+

30-Jun-20 06:27

49

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

sudha reddy

Moderator

30-Jun-20 09:49

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