In the Long Run, Which of the Following Most Likely

question 83

Multiple Choice

In the long run, which of the following most likely results in positive economic profits?

• A)Competition
• B)Pure competition
• C)Monopoly
• D)Monopolistic competition
• E)A price-taker

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Definitions:

Integrity

The quality of being honest and having strong moral principles.

NASW Code

The NASW (National Association of Social Workers) Code of Ethics is a set of guidelines for professional conduct in the field of social work, focused on serving the welfare of individuals and communities.

Trustworthiness

The quality or state of being reliable, dependable, and worthy of trust, often regarded as a fundamental trait in personal and professional relationships.

Confidentiality

The requirement to keep certain information private and not disclose it without proper authorization.