Which of the Following Is True in Both Perfect Competition

question 108

Multiple Choice

Which of the following is true in both perfect competition and monopoly?

• A)Firms produce a differentiated product.
• B)Firms cannot earn economic profit in the long run.
• C)Individual firms have no ability to control the price of their output but must accept the market price.
• D)Firms go out of business in the long run if total revenue cannot cover total cost.
• E)Firms can earn economic profit in the long run.

Identify regional variations and specialization in early human tool traditions.

Understand genetic evidence used to support theories of human origins and migrations.

Comprehend how changes in physical traits reflect human evolution over time.

Differentiate between various hypotheses regarding human origins and migrations.

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Definitions:

Satisfaction

The feeling of fulfillment or contentment with one's achievements, job, or situation.

Challenge

A task or situation that requires a person to put in effort or use skills to overcome difficulties.

Recognition

The acknowledgment or appreciation of someone's efforts, achievements, or status, often used as a form of motivation or reward.

Creative

The ability or quality of generating new and original ideas, concepts, or processes.