Long-Run Equilibrium in a Competitive Price-Searcher Market Requires That

question 199

Multiple Choice

Long-run equilibrium in a competitive price-searcher market requires that

• A) the demand curve intersect the average cost curve.
• B) the demand curve be tangent to the average cost curve.
• C) price be equal to marginal cost.
• D) quantity produced be at the point where average cost is at a minimum.

---

Definitions:

Genetic Diseases

are disorders caused by abnormalities in an individual's DNA, which can be either inherited or occur as new mutations.

Embryo

An early stage of development for multicellular organisms, in humans, it refers to the period from fertilization until the end of the eighth week of gestation.

Artificial Insemination

A medical procedure involving the direct insertion of sperm into a woman's uterus or cervix to achieve pregnancy without sexual intercourse.

Semen

The male reproductive fluid containing sperm that is ejaculated during orgasm.