In the Long Run, What Level of Economic Profits Can

question 95

Multiple Choice

In the long run, what level of economic profits can a monopolistic competitor expect to receive?

• A) positive
• B) zero
• C) negative
• D) either negative or positive, depending on the demand for its product and its costs

---

Definitions:

Prokaryotic Cell

A type of cell lacking a distinct nucleus and other organelles, found in organisms of the domains Bacteria and Archaea.

Bacterium

A domain of single-celled, prokaryotic organisms that are often characterized by cell walls, and can be found in a vast array of environments.

Comma-Shaped

Resembling the punctuation mark comma in shape, with a curved form that narrows to a point at one end.

Vibrios

Vibrios are a genus of Gram-negative bacteria, many of which are pathogenic, causing diseases such as cholera in humans.