Study of demand over two periods is called
A. | Static |
B. | Comparative static |
C. | Dynamic |
D. | None of these |
Option: B Explanation : Click on Discuss to view users comments. |
In case of monopoly, a firm in the long run can have
A. | Loss |
B. | Super Normal Profit |
C. | Break even |
D. | All of these |
Option: B Explanation : Click on Discuss to view users comments. madhu said: (4:33pm on Thursday 8th December 2016)
it is the situation of short run because in long run monopolistic firm only erns super normal profit
Kanchan ramsinghani said: (1:59pm on Sunday 21st May 2017)
In long run a monopoly firm only earns abnormal profit. In short run it earns above three conditions.
|
A. | its lowest point |
B. | the left of the lowest point |
C. | right of the lowest point |
D. | All of the above |
Option: A Explanation : Click on Discuss to view users comments. |