In the long run, a monopolistically competitive firm earn
A) Abnormal profit
B) loss
C) Normal profit
D) Differentiated profit
Correct Answer:
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Q3: The market structure which number of sellers
Q4: The condition of short run equilibrium under
Q5: Kinked demand curve explain which of the
Q6: Demand curve of a firm under monopolistic
Q7: Which of the following is not a
Q9: In the short run, a monopolistically competitive
Q10: Selling cost is a feature of
A)Monopolistic competition
B)Perfect
Q11: The concept of group equilibrium is related
Q12: The concept of kinked demand curve is
Q13: Refrigerator company is an example of
A)Oligopoly
B)Perfect competition
C)Monopoly
D)Bilateral
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