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In Which Of The Following Markets Does A Firm Have The Power To Make Super-normal Profits Both In The Short Run And Long Run? - Erudites Academy

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

by | Nov 10 | Economics WAEC | 0 comments

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

Correct Answer: Option A

A. Monopoly

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