Which of the Following Holds Good in the Long Run

question 36

Multiple Choice

Which of the following holds good in the long run under monopolistic competition?

• A)Price = marginal cost
• B)Price = average cost
• C)Price > average cost > marginal cost
• D)Price > average cost = marginal cost
• E)Marginal revenue = price

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Definitions:

Maladaptive

Behavior or thought processes that are counterproductive or interfere with everyday functioning and adaptation to life's demands and stressors.

Routine Activities

Regularly occurring behaviors or activities in one's day-to-day life that form patterns of behavior.

Personally Distressing

Experiencing discomfort or distress on a personal level, often affecting one's emotional well-being or mental health.

Anxiety Disorders

Mental health disorders characterized by significant and persistent feelings of anxiety and fear, affecting daily functioning.