When a Profit-Maximizing Firm in a Monopolistically Competitive Market Charges

question 90

Multiple Choice

When a profit-maximizing firm in a monopolistically competitive market charges a price higher than marginal cost,

• A)the firm must be earning a positive economic profit.
• B)the firm may be incurring economic losses
• C)society benefits due to the firm's excess capacity.
• D)new firms will enter the market in the long run.

---

Definitions:

Child Maltreatment

Refers to any act by a parent, caregiver, or other individual that results in harm, potential for harm, or threat of harm to a child, including neglect, physical abuse, sexual abuse, or emotional abuse.

Autonomy Granting

The act of giving someone the freedom to act independently, often referenced in parenting styles as allowing children to make their own decisions within boundaries.

Gender-role Orientation

The behaviors, attitudes, and personality traits that a society deems appropriate for individuals based on their perceived sex.

Siblings

Brothers or sisters, including those not necessarily related by blood but through adoption or step-relationships.