Home

Join Our Socials

Telegram Group
Join Community
Twitter Group
Pinterest Group
Facebook Group
Subscribe YouTube

What is the correct answer?

4

A monopoly producer usually earns:

A. Abnormal profits

B. Only normal profits

C. Neither profits nor losses

D. Profits and losses which are uncertain

Correct Answer :

A. Abnormal profits


Share this question with your friends
Show all Basics of Economics MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..

Related Questions

The least cost combination of factors x , y and z will generally be the… We get constant returns to scale when: In non-collusive oligopoly firms enter into: The line from the origin to a point on an isoquant shows: Price discrimination is possible: If the price of coffee increases, you would predict that: When a consumer is in equilibrium then slope of indifference curve is: For monopolistic competitive firm: Under monopolistic competition, the products sold by the firms are: According to current thinking, the law of diminishing returns applies… In the short-run, the competitive firm can maximize its profits (or minimize… When sales tax is imposed on monopolist, its: The average product is given as: In the case where two commodities are good substitutes then cross elasticity… In terms of price, the indirect utility function may be: There is no difference between fixed and variable factors in the: If we measure the elasticity of demand with the help of the average and… Pure monopoly exists: Each SAC represents a particular level of: By increasing the price of its products above those of its competitors,… Revealed Preference Theory was presented by: A firm will be in equilibrium when the lowest isocost is: In sweezy model (kinked demand curve model), the role of MC curve: Total variable costs in equation form are: Discriminating monopoly implies that the monopolist charges different… The basic and essential economic problems in a community are related to… With the expansion of output, the short run average cost curve, beyond… In which case the elasticity shown by the different points of a curve… Rotten eggs are: Monopolistic firm can fix:

Also checkout

Entrepreneurship MCQ PhotoShop MCQ AP English Literature and Composition MCQ AP Spanish Language MCQ Surface Area MCQ Asp Programming MCQ Machine Input MI MCQ Microsoft Access MCQ Machine Input Mi-set 2 MCQ Bio-Chemistry MCQ Synthesis of Sentences MCQ Indirect TAX MCQ