If a Perfectly Competitive Firm and a Monopolistic Competitive Firm

question 117

Multiple Choice

If a perfectly competitive firm and a monopolistic competitive firm face the same demand and cost curves, then

• A)the perfectly competitive firm will attain resource-allocative efficiency, but the monopolistic competitive firm will not.
• B)the perfectly competitive firm will attain resource-allocative efficiency, but the monopolistic competitive firm may or may not, depending upon the demand for its product.
• C)the perfectly competitive firm will not attain resource-allocative efficiency, but the monopolistic competitive firm will.
• D)both the perfectly competitive firm and the monopolistic competitive firm will attain resource-allocative efficiency.
• E)neither the perfectly competitive firm nor the monopolistic competitive firm will attain resource-allocative efficiency.

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Definitions:

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A condition often linked to brain disorders where the ventricles of the brain are increased in size, potentially affecting its function.

Medial Temporal Regions

Areas of the brain located in the inner part of the temporal lobe, involved in memory formation and retrieval.

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