Choose the Statement That Best Compares the Long- Run Equilibrium

question 16

Multiple Choice

Choose the statement that best compares the long- run equilibrium of a competitive industry and that in a monopolized industry.

• A) It is not possible to make this comparison because firms in a competitive industry operate only in the short run.
• B) Allocative efficiency will be achieved in the monopolized, but not the competitive industry.
• C) Allocative efficiency is not possible in either industry.
• D) Allocative efficiency will be achieved in the competitive, but not the monopolized industry.
• E) Resources will be allocated efficiently in both the competitive and monopolized industries.

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Definitions:

Nonblanchable Erythema

Reddening of the skin that does not lighten or turn white (blanch) when pressure is applied, often indicating stage I pressure injury.

Granulation Tissue

New vascular tissue formed on the surface of a healing wound, indicating the process of healing.

Abdominal Aortic Aneurysm

The enlargement or ballooning of the abdominal portion of the aorta, the major blood vessel supplying blood to the body, which can lead to rupture if untreated.

Abdominal Binder

A medical garment that provides support to the abdomen, typically used after surgery or during recovery from injuries.