​In Which of the Following Market Structures Can a Firm

question 393

Multiple Choice

​In which of the following market structures can a firm earn an economic profit in the short run?

• A)​Perfect competition
• B)​Monopolistic competition
• C)​Monopoly
• D)​All of these market structures can earn an economic profit in the short run

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Definitions:

Gap

A discrepancy between the current state and the desired state, often used in the context of business strategies or market research to identify areas needing improvement or opportunities for development.

HR Professionals

Individuals specializing in managing human resources and personnel-related functions within organizations.

Tool

Generally, it refers to an instrument or device designed to perform a specific function or facilitate a task.

Chatter

A term often used to describe frequent, casual, or inconsequential conversations or noise.