Question

Which of the following type of Price generally prevails in the long run?
I need ans from this options
Normal Price
Market Price
Monopoly Price
Optimum Price

Answer 1

Answer:

Market Price

Hope it will help ☺

Answer 2

The price that generally prevails in the long run is the normal price

Option a

Explanation:

• Normal price is there in the markets for a long period of supply of goods.  The normal price of goods are affected by the supply of goods.
• Market price is kept for a specific time period in the markets and is affected by the demand of goods. When the demand of goods is high then the market price is also at a high.
• In  monopoly price the price of goods are kept above  the marginal cost and the company maximizes on its profits. The optimal price is kept where the seller is able to maximize on their profits

To know more about Monopoly

What is monopoly?and explain the types of monopoly?

https://brainly.in/question/12077795