Which of the Following Is True About Monopolistic Competition but False

question 82

Multiple Choice

Which of the following is true about monopolistic competition but false about perfect competition?

• A) Firms cannot make an economic profit in the long run.
• B) Firms compete on their product's price as well as its quality and marketing.
• C) There are a large number of independently acting sellers.
• D) Firms can make an economic profit in the short run.
• E) There are no barriers to entry.

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Definitions:

Expected Outcomes

The anticipated results or effects of an intervention, treatment, or action.

Nutritional Needs

The essential vitamins, minerals, and other nutrients required by the body to maintain health and proper functioning.

Vitamins A

Vitamin A refers to a group of fat-soluble retinoids, including retinol, retinal, and retinyl esters, which are essential for vision, immune function, and skin health.

Iron Intake

The consumption of iron, an essential mineral necessary for the production of hemoglobin and overall health, through diet or supplements.