Note AcademyNote Academy
Start

Economics (AS & A Level) · Feb / March 2023 · Paper 32 · Question 6

9708Different market structures

What is achieved in monopolistic competition in the long run?

  1. Ano allocative efficiency, no supernormal profit
  2. Bno allocative efficiency, yes supernormal profit
  3. Cyes allocative efficiency, no supernormal profit
  4. Dyes allocative efficiency, yes supernormal profit

As printed in the paper

Show the answer

Correct answer: A. no allocative efficiency, no supernormal profit

Sit this whole paper →More on Different market structures

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.