Which of the Following Are True? the Similarities Between Perfect

question 52

Multiple Choice

Which of the following are true? The similarities between perfect competition and monopolistic competition include: (1) no barriers to entry.
(2) profit-maximizing output occurs where MC = MR.
(3) long-run economic profit equals zero.

• A)(1)only
• B)(2)only
• C)(1)and (2)only
• D)(2)and (3)only
• E)(1), (2),and (3)

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A female figure with splayed legs, a common motif over the entrance to a Belau bai, serving as both guardian and fertility symbol.

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Indigenous peoples of the islands in the Pacific Ocean, including Polynesia, Micronesia, and Melanesia, known for their diverse cultures and maritime skills.

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