Which of the Following Is Not a Characteristic of Monopolistically

question 84

Multiple Choice

Which of the following is not a characteristic of monopolistically competitive firms in the long run?

• A)They earn zero profits.
• B)They each maximize their profits.
• C)They charge a price above marginal cost.
• D)There is no deadweight loss.

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Definitions:

Workplace Immediately

A term not typically used; possibly refers to immediate conditions or situations within a work environment.

Employee-Fitness Program

A workplace wellness initiative designed to encourage employees to pursue healthier lifestyles, often including exercise facilities or activities.

Stress-Management Programs

Initiatives and strategies designed to help employees deal with stress in effective ways and maintain mental health in the workplace.

Supervision

The action of overseeing work performance and providing guidance to ensure tasks are completed effectively.