In the Long Run,a Monopolistically Competitive Firm Will Make the Same

question 68

Multiple Choice

In the long run,a monopolistically competitive firm will make the same economic profit as

• A)a monopolistically competitive firm in the short run.
• B)a single-price monopoly.
• C)a price-discriminating monopoly.
• D)a perfectly competitive firm in long-run equilibrium.
• E)none of the above.

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Definitions:

Drawback

A disadvantage or negative aspect of a situation, plan, or product.

Brain Stem

The posterior part of the brain, adjoining and structurally continuous with the spinal cord, responsible for controlling vital life functions such as breathing, heartbeat, and blood pressure.

Structure

In psychology, it refers to the organization or arrangement of elements such as personality traits or the mind's cognitive aspects.

Function

The purpose or role that an object or process serves.