In the Long Run, Equilibrium Positions That Arise in Both

question 144

Multiple Choice

In the long run, equilibrium positions that arise in both monopolistically competitive and perfectly competitive markets are

• A) MR = MC and P = MC.
• B) P = ATC and P = MC.
• C) MR = MC and P = ATC.
• D) MR = MC = P.

---

Definitions:

Operating Lease

A lease agreement allowing the use of an asset without ownership, typically with shorter terms than a finance lease.

Asset-Based Loan

An asset-based loan is a type of lending, often secured by a company's assets, where the loan amount is based on a percentage of the value of those assets.

Operating Lease

A contract that allows for the use of an asset but does not convey ownership rights of the asset to the lessee.

Risk Of Obsolescence

The risk that a product or service becomes outdated and undesired due to new technologies or changes in consumer preferences.