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:

Epididymis

A long, coiled tube that stores and carries sperm from the testis.

Hormonal Stimulation

The use of hormones or medications to stimulate biological processes in the body, often used in fertility treatments.

Puberty

A developmental stage during which a child's body matures into an adult body capable of sexual reproduction.

Perineum

The region of the body between the anus and the genitals, present in both males and females.