In Monopolistic Competition, in the Long Run Firms Have

question 63

Multiple Choice

In monopolistic competition, in the long run firms have

• A) a capacity shortage.
• B) an economic loss.
• C) excess capacity.
• D) an economic profit.

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Definitions:

Drinking Water Standards

Regulations and guidelines set by governments or health bodies that define the quality and safety levels of water suitable for human consumption.

Federal Government

The national government of a federal state, which holds authority over matters not reserved for state or local governments.

States

Distinct territorial and political entities within a federal system, possessing their own government and autonomy to some extent.

Drinking Water

Water that is considered safe and clean for human consumption, meeting established health standards.