In the Short Run,a Perfectly Competitive Firm Can Experience Which

question 220

Multiple Choice

In the short run,a perfectly competitive firm can experience which of the following?
i.an economic profit
ii.an economic loss but it continues to stay open
iii.an economic loss equal to its total fixed cost when it shuts down

• A) only i
• B) i and ii
• C) i and iii
• D) ii and iii
• E) i, ii, and iii

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Definitions:

Antigen

Substance that induces a state of sensitivity or resistance to infection or toxic substances after a latent period; substance that stimulates the specific immune system; also called epitope.

Plasma Cells

Specialized white blood cells that produce antibodies in response to infections.

Cytotoxic T cells

A type of immune cell capable of killing cancer cells, infected cells, and other cells that are deemed a threat to the organism.

Antibodies

Proteins produced by the immune system that recognize and bind to specific antigens to help protect the body from infection.