In which market structures do firms receive just a normal profit in the long run? a.

Question:

In which market structures do firms receive just a normal profit in the long run?

a. monopoly and perfect competition ■

b. monopolistic competition and perfect competition ■

c. monopoly and monopolistic competition ■

d. monopoly and oligopoly ■

e. monopolistic competition and oligopoly

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

Question Posted: