Which of the Following Market Structures Will Have Only Normal

question 64

Multiple Choice

Which of the following market structures will have only normal profit in the long run?

• A)Monopoly.
• B)Duopoly.
• C)Monopolistic competition.
• D)Oligopoly.

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Definitions:

Japanese Trade Surplus

A situation where Japan exports more goods and services than it imports, leading to a positive balance of trade.

Trade Imbalance

A situation where a country's imports and exports do not balance, resulting in a surplus or deficit.

Product Quality

The characteristics of a product or service that bear on its ability to satisfy stated or implied needs.

Low-Wage Nations

Countries where workers are typically paid significantly less than those in more developed economies.