Economics CSEET MCQs part 3

1. In long run, a monopolist can make profit because of: (a) Low cost (b) Restricted entry (c) Product differentiation (d) High scales of Economy 2. The term differentiated product denotes …………….. product used by ……….. set of people. (a) Same, Differentiated (b) Different, Differentiated (c) Same, Same (d) Different, Same 3. In monopolistic competitive…