In the Long Run Under Monopolistic Competition, Profits Will Always

question 44

Multiple Choice

In the long run under monopolistic competition, profits will always be:

• A)zero.
• B)the industry average rate of return.
• C)positive.
• D)positive or zero, but never negative.

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Definitions:

Torsos

The central part of the human body that extends from the neck to the lower abdomen, excluding the limbs and head.

Heads

The upper part of the human body or the front part of the body in animals; contains the face and brains.

Ulnar Grasp

A developmental stage in infants where they are able to grasp objects by closing their fingers and thumb against the palm.

Canalization

A concept in developmental biology and genetics referring to the ability of an organism to produce the same phenotype despite variations in genotype or environment.