When a Monopolistically Competitive Industry Is in Long-Run Equilibrium,the Excess

question 7

Multiple Choice

When a monopolistically competitive industry is in long-run equilibrium,the excess capacity in an individual firm is indicated by the difference between

• A)price and marginal cost.
• B)the output at which ATC is at a minimum and the output at which price equals marginal cost.
• C)zero and the output at which the demand curve is tangent to the ATC curve.
• D)price and average cost.
• E)the output at which ATC is at a minimum and the output at which marginal revenue is equal to marginal cost.

Know the concepts of diffusion and transport mechanisms in cells.

Identify anatomical directional terms and body planes.

Recognize terminology related to human body structures.

Describe the structure and function of various cell organelles.

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Definitions:

Return on Equity

A measure of a company's profitability that calculates how much profit is generated with the money shareholders have invested, reflecting financial performance and efficiency.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue.

Owner's Equity

This financial term represents the owner’s interest in the assets of a business, calculated as the difference between the business assets and its liabilities.

Net Margin

A profitability ratio calculated as net income divided by revenue, indicating the percentage of each dollar of revenue that results in net profit.