Which Statement About Monopoly Equilibrium and Perfectly Competitive Equilibrium Is

question 42

Multiple Choice

Which statement about monopoly equilibrium and perfectly competitive equilibrium is INCORRECT?

• A)Price is greater than marginal cost in monopoly,and price equals marginal cost in perfect competition.
• B)When a monopoly exists,the consumer surplus from the market is less than it would be if the same market were perfectly competitive.
• C)Monopoly output will be less than will the output of a comparable perfectly competitive industry.
• D)In the long run,economic profits are driven to zero in both a monopoly and a perfectly competitive market.

Understand the historic and contemporary challenges to marriage within the Black community.

Analyze the impact of World War II on American perceptions of race and family structures.

Assess the influence of immigration on family structures within U.S. society.

Examine the role of fatherhood and family integrity under conditions of slavery.

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Extreme Opinion

A viewpoint that is significantly far from the mainstream or moderate perspectives, often showing a high level of intensity or fervor.

Unethical

Pertaining to actions or behaviors that go against moral principles or professional standards.

Obedience

A form of social influence where an individual acts in response to a direct order from another individual, who is usually an authority figure.

Federal Aid

Financial assistance provided by the federal government to individuals, organizations, or governmental entities in support of services or projects.