The Difference Between Short-Run Demand and Long-Run Demand for a Monopolistic

question 107

Multiple Choice

The difference between short-run demand and long-run demand for a monopolistic competitor is

• A)There is no difference between long-run and short-run demand for a monopolistic competitor.
• B)long-run demand results in no economic profit, whereas short-run demand might result in profits or losses.
• C)in the long run demand slopes downward, but in the short run it is horizontal.
• D)the long-run demand is elastic, whereas the short-run demand is inelastic.
• E)in the short run demand slopes downward, but in the long run it is horizontal.

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Definitions:

Acetylcholine

A neurotransmitter in the nervous system that plays crucial roles in muscle activation and various brain functions.

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, affecting heart rate, blood flow, and blood pressure.

Retroperitoneal

Located behind the peritoneum, the membrane lining the abdominal cavity and covering the abdominal organs.

Mesenteries

Folds of peritoneum that attach the intestines to the abdominal wall, supporting and allowing vascular and neural communication.