Which of the Following Is Not a Condition of Long-Run

question 109

Multiple Choice

Which of the following is not a condition of long-run equilibrium for perfectly competitive firms?

• A)price is equal to marginal cost
• B)price is equal to minimum short-run average total cost
• C)price is equal to minimum long-run average cost
• D)price is equal to marginal revenue
• E)economic profit is positive

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Definitions:

Unhealthy Foods

Nutritional choices that are high in unhealthy fats, sugars, and salts, contributing to poor health outcomes when consumed regularly.

Social Rejection

The experience of being dismissed or excluded by individuals or groups, which can significantly impact emotional well-being.

Survival Mentality

A mindset focused on overcoming hardships and threats to one's existence, prioritizing survival above all else.

Cognitive Tasks

Activities designed to test or improve mental processes such as attention, memory, problem-solving, and decision-making.