In Short-Run Equilibrium for a Competitive Firm

question 155

Multiple Choice

In short-run equilibrium for a competitive firm

• A) price will not equal marginal revenue.
• B) marginal revenue will be greater than marginal cost.
• C) price will equal marginal cost.
• D) price will be greater than marginal cost.

---

Definitions:

Behavioral Tendencies

Behavioral tendencies refer to predictable patterns of behavior and reaction that individuals typically exhibit.

Brain Structures

The physical parts and anatomical areas of the brain, each with specific functions.

Brain Arousal

The state of being physiologically alert and responsive to stimuli.

Biology

The scientific study of life and living organisms, including their structure, function, growth, evolution, distribution, and taxonomy.