Which of the Following Is True

question 144

Multiple Choice

Which of the following is true?

• A)All markets should be oligopolies because that is the most efficient market structure.
• B)Monopolistic competition results in excess capacity, since in the long run MR = MC is to the right of the minimum of the ATC curve.
• C)Monopolistic competition is a market structure whose firms experience large economic profits in the long run.
• D)Monopolistic competition is a market structure whose firms experience zero economic profits in the long run.

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Definitions:

Ancient Artifacts

Objects made by humans in ancient times, which are of historical, cultural, or archaeological interest.

Self-Concept

An individual's perception of self, formed through experience and interpretation of one's own actions and how others react to those actions.

Person-Centred Theory

A psychological approach developed by Carl Rogers that emphasizes the importance of seeing a person's world from their own perspective for effective therapy.

Self-Actualisation

Self-actualisation represents the realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone, marking the pinnacle of psychological development.