A Monopolistic Competitive Firm Is Inefficient Because the Firm

question 55

Multiple Choice

A monopolistic competitive firm is inefficient because the firm:

• A) is not maximizing its profit.
• B) is producing at an output where average total cost is not minimum.
• C) earns positive economic profit in the long run.
• D) none of the above.

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Definitions:

Sperm

Sperm are male reproductive cells or gametes in sexually reproducing organisms that carry genetic information to the ovum.

Body Cells

Cells that make up the tissues and organs of an organism, excluding reproductive cells.

Chromosomes

Structures within cells that contain genetic information in the form of DNA, organized with proteins to form genes.

Centromere

The region of a chromosome where the two sister chromatids are joined together, playing a crucial role in chromosome movement during cell division.