Which of the Following Is True Regarding the Long Run

question 54

Multiple Choice

Which of the following is true regarding the long run for a firm in monopolistic competition?

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

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Definitions:

Encapsulation

A fundamental concept in OOP that restricts direct access to some of an object's components, typically through the use of access modifiers, to protect the integrity of the data.

GetClass Method

A method in Java that returns the runtime class of an object, used for reflection.

Java Statements

Java statements are instructions executed by the Java Virtual Machine (JVM) to perform specific actions, such as variable declaration, control flow commands, and method calls.

Super Keyword

A reference variable in Java used to access members of a parent class from within methods of a subclass.