In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to

Related MCQs

• The ideal level of operation for a pure monopoly firm is the level where
• When the Demand curve of a pure monopoly firm is elastic, MR will be
• A monopoly firm makes more profit because
• The positively sloped part of long run cost curve of a firm is due to
• The negatively sloped part of long run cost curve of a firm is due to
• In short run a monopolistic competition firm will be in equilibrium where
• In the long run a firm in perfect competition earns
• A firm that makes profit in excess of normal profit is earning
• For a monopoly firm market demand curve is
• For a monopoly firm the MR Curve