Which two of the following statements are true?

a) A simple monopoly firm always earns super normal profit 

b) Sweezy's kinked demand curve model is the best known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity 

c) A perfectly competitive firm is price - taker 

d) Firms under monopolistic competition earn only normal profits 

Choose the correct option from those below 

1
a) and d)
2
b) and d)
3
b) and c)
4
a) and c)

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