Which of the Following Is Not a Characteristic of a Monopolistically

question 139

Multiple Choice

Which of the following is not a characteristic of a monopolistically competitive firm in long-run equilibrium?

• A)Marginal revenue is equal to marginal cost.
• B)Price is equal to average revenue.
• C)The firm has excess capacity.
• D)Price is equal to marginal cost.

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Definitions:

Respiratory Distress

A medical condition characterized by difficulty breathing, often accompanied by rapid or shallow breaths, signaling a need for immediate medical attention.

Exchange Transfusion

A medical procedure in which small amounts of a patient's blood are removed and replaced with donor blood or plasma, frequently used to treat severe jaundice or poisoning.

Hemolytic Disease

A condition where there is an abnormal breakdown of red blood cells, either inherited or acquired, leading to anemia and other related symptoms.

Tachycardia

Tachycardia is a condition characterized by an abnormally high heart rate, typically defined as over 100 beats per minute in adults.