Which of the Following Is FALSE Regarding the Long Run

question 16

Multiple Choice

Which of the following is FALSE regarding the long run for a firm in monopolistic competition?

• A) The firm makes zero economic profit.
• B) Price equals average total cost.
• C) Output is not produced at minimum average total cost.
• D) Average total cost equals marginal cost.

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Definitions:

Saint-Étienne

Refers to various churches and cathedrals, with the term "Saint-Étienne" often denoting dedication to Saint Stephen, celebrated for its architectural significance.

Timber Roof

A roof constructed using timber framing, characteristic for its use of wood beams and rafters in supporting the roof's structure.

Pilgrimage Type

A classification of pilgrimage based on purpose or nature, such as spiritual, healing, or penance.

Radiating Chapels

Chapels that project outward from the apse or ambulatory of a church, often found in Gothic cathedrals.