Perfect Competitors and Monopolistic Competitors Both Earn _____ Economic Profit

question 222

Multiple Choice

Perfect competitors and monopolistic competitors both earn _____ economic profit in the long run,but perfect competitors produce at the _____ of the ATC curve,while monopolistic competitors produce _____ of the ATC curve.

• A)zero;minimum point;on the downward-sloping portion
• B)positive;minimum point;on the upward-sloping portion
• C)negative;minimum point;at the minimum point
• D)zero;downward-sloping portion;at the minimum point

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Definitions:

Query Design Grid

A graphical tool within database software that lets users construct queries by laying out fields and criteria in a grid format.

Calculations

Mathematical operations performed to determine a result, widely used in various fields such as mathematics, finance, and data analysis.

Lookup List

A feature in database and spreadsheet software that provides a predefined list of values for a field, helping to ensure data consistency and accuracy.

Table Design View

A database feature that provides a detailed view of a table's structure, including fields, data types, and relationships.