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.

---

Definitions:

Turns Ratio

The ratio of the number of turns in the primary winding to the number of turns in the secondary winding of a transformer, affecting its voltage and current transformation.

Primary Leads

The main electrical conductors or connections that provide a path for electrical current to enter or exit a device or system.

Secondary Leads

Wires or conductors that connect the secondary winding of a transformer to the load or output, transferring the transformed voltage or current.

Open Delta

A method of transformer connection in a three-phase system using only two transformers to provide a delta connection, saving cost but reducing power capacity compared to a full delta configuration.