Indian Fiscal System Questions and Answers for Competitive Exams

Home/
General Knowledge/
the-degree-of-monopoly-power-is-to-be-measured-in-terms-of-the-firms

By Gkseries see more questions

Q.

The degree of monopoly power is to be measured in terms of the firm’s

[A] Normal profit

[B] Supernormal profit

[C] Both normal and supernormal profit

[D] Selling price

Answer & Explanation
Answer: Option [B]

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Read More Economics Solved Questions

Click Here to Read more questions