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  9. Q21
Question 21

in which of the following markets does a firm have power to make super normal profits both in the short run and long run?

  • A.Monopoly
  • B.Duopoly
  • C.Oligopoly
  • D.Monopsony
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2011
Question no.
#21
Type
Objective
Previous · Q20a market structure where profit is maximized when marginal revenue, marginal… Next · Q22 if there are no barriers to entering a market, it means that

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