Which of the Following Will Not Hold True for a Competitive

question 116

Multiple Choice

Which of the following will not hold true for a competitive firm in long-run equilibrium?

• A) P equals AFC.
• B) P equals minimum ATC.
• C) MC equals minimum ATC.
• D) P equals MC.

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Definitions:

Repolarizing

The process by which a cell restores its membrane potential to a negative value after an action potential, preparing it for another action potential.

Hyperpolarizing

Hyperpolarizing refers to an increase in a cell's membrane potential, making it more negative and less likely to activate an action potential.

Threshold

The minimal level of stimulation required to trigger a neural impulse or a physiological response.

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, overseeing both voluntary and involuntary actions.