Monopolistic Competition Is Considered Inefficient Because

question 33

Multiple Choice

Monopolistic competition is considered inefficient because

• A)price exceeds marginal cost.
• B)output is excessive.
• C)long-run profits are positive.
• D)barriers to entry limit the number of firms in the market.

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Definitions:

Constructivist Therapists

Therapists who apply principles of constructivism, emphasizing personal meaning-making and the therapeutic process as a co-construction between therapist and client.

Language

A system of communication used by a particular community or country, involving the use of words in a structured and conventional way.

Therapeutic Relationship

A bond between a therapist and client that serves as the foundation for treatment, facilitating client engagement, trust, and openness.

Solution-Focused Therapists

Therapists who adopt a goal-directed approach, focusing on solutions and preferred futures rather than dwelling on past problems.