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Under which market Condition firms make only normal profits in the long run?
  • a)
    Oligopoly 
  • b)
    Monopoly 
  • c)
    Monopolistic competition 
  • d)
    Duopoly
Correct answer is option 'C'. Can you explain this answer?
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Under which market Condition firms make only normal profits in the long run?a)Oligopolyb)Monopolyc)Monopolistic competitiond)DuopolyCorrect answer is option 'C'. Can you explain this answer?
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