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Eduncle Asked an Mcq
February 21, 2020 2:12 pm

(a)    A simple monopoly firm always earns super normal profit
(b)    Sweezy’s kinked demand curve model is the best known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity
(c)    A perfectly competitive firm is price - taker
(d)    Firms under monopolistic competition earn only normal profits
Choose the correct option from those below

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  • Eduncle Best Answer

    (b) & (c)
    (a)    Sometimes a simple monopoly firm earns normal profit.
    (d)    Under monopolistic competition firms sometimes can ...

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