Theory of Demand
Quick practice
Question 1 of 5
In which among the following market structures, a firm earns supernormal profits in the long run?
A
Monopolistic competition
B
Perfect competition
C
Monopoly
D
Oligopoly
Get unlimited practice with NTA-UGC-NET & SET Exams subscription
Boost your performance with adaptive practice tests
Practice every concept in the syllabus
Compare your speed and accuracy with your peers
Download the app and practice on the go