Which of the Following Statements Is Correct

question 325

Multiple Choice

Which of the following statements is correct?

• A) Firms in monopolistic competition and monopoly can earn economic profits in both the short run and the long run.
• B) Both perfectly competitive and monopolistically competitive firms are price takers.
• C) Both a monopolistically competitive industry and a monopoly are characterized by a very small number of (or one) firm(s).
• D) Firms can easily enter a perfectly competitive or monopolistically competitive industry.

Identify and understand the differences between prejudice, discrimination, and oppression with examples.

Acknowledge common misconceptions and stereotypes about feminism and their impacts.

Understand the importance of recognizing social, cultural, and economic diversity in social work.

Recognize the importance of striving for equality in the practitioner-client relationship as a principle of feminist intervention.

---

Definitions:

Imports

Goods or services brought into one country from another for sale or use.

Quota

A direct limit on the number of goods that can be imported into or exported from a country

Influx

Refers to the arrival or entry of large numbers of people or amounts of goods into a place.

Foreign Goods

Products or services produced in one country and sold in another.