A monopoly firm makes more profit because

Related MCQs

• In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to
• A firm that makes profit in excess of normal profit is earning
• 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
• For a monopoly firm market demand curve is
• For a monopoly firm the MR Curve
• The demand curve of a Monopoly firm is –
• In the short run if the price is above the average total cost in a monopolistic competitive market, the firm makes
• A natural monopoly has declining – over large range of output
• A monopoly based on sole state ownership of production and distribution network is known as