The Diagram Below Shows Demand and Cost Curves for a Monopolistically

question 73

Multiple Choice

The diagram below shows demand and cost curves for a monopolistically competitive firm.
FIGURE 11- 3
-Refer to Figure 11- 3.A monopolistically competitive firm is said to be inefficient because in the long- run equilibrium

• A)price is greater than MC at Q1.
• B)price is greater than LRAC at Q1.
• C)LRAC at Q1 is not at its minimum.
• D)MC is greater than LRAC.
• E)MC is greater than price.

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Definitions:

Enteral Feeding

A method of supplying nutrition directly to the stomach or small intestine through a tube when oral intake is inadequate or impossible.

Infusion Discontinued

The cessation of the administration of fluids or medications directly into the bloodstream through an IV.

Hyperglycemia

Elevated serum glucose levels.

Lethargic

A state of tiredness, fatigue, or lack of energy that can be a symptom of various health conditions.