Suppose the Firm or Firms in the Market for Good

question 86

Multiple Choice

Suppose the firm or firms in the market for Good A face a downward-sloping demand curve, maximize profit by producing the quantity at which marginal revenue equals marginal cost, set the price higher than the marginal cost, and break even in long run equilibrium. Which one of the following market structures  most likely exists for Good A?

• A) Perfectly competition.
• B) Monopoly.
• C) Monopolistic competition.
• D) Oligopoly.

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Definitions:

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Narrow end of the uterus, which leads into the vagina.

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The process of childbirth, starting from the onset of contractions to the delivery of the baby and placenta.