Which of the Following Is NOT True for a Perfectly

question 385

Multiple Choice

Which of the following is NOT true for a perfectly competitive firm in the long run?

• A) MR = MC
• B) MC > LAC
• C) Price = MC
• D) SAC = LAC

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Definitions:

Excavates

A diverse group of single-celled organisms, including both free-living species and parasites, characterized by their unique cell structure and mode of mobility.

Modified Mitochondria

Mitochondria that have undergone changes to fulfill specific roles different from their typical function in cellular respiration.

ATP

ATP, or adenosine triphosphate, is a compound that transports energy throughout cells to fuel metabolic activities.

Oxygen

A chemical element with the symbol O and atomic number 8, essential for the respiratory processes of most living organisms.