Which of the Following Is a Characteristic of Monopoly in the Long

question 496

Multiple Choice

Which of the following is a characteristic of monopoly in the long run?

• A) The firm makes zero economic profit.
• B) The firm can make an economic profit.
• C) Price equals marginal cost.
• D) Price equals marginal revenue.

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Definitions:

Demonstration Teaching

An instructional method where the teacher performs a task or process step-by-step in front of learners to enhance understanding through visual observation.

Learning Domain

A specific area of study or knowledge, often used in educational settings to classify the types of learning and skills being taught.

Practicing

The act of repeatedly performing or exercising a skill to improve proficiency.

Anatomical Model

A scaled or full-size replica of a part of the human body, used for education, medical training, or patient explanation purposes.