Which of the Following Is True

question 135

Multiple Choice

Which of the following is true?

• A) Firms in all four market structures earn zero economic profits in the long run.
• B) Firms in perfectly competitive markets earn zero economic profits in the long run.
• C) Firms in monopolistically competitive markets earn positive economic profits in the long run.
• D) Firms in oligopoly markets earn equal profits in the long run.

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Definitions:

Clear Liquid Diet

A diet consisting only of transparent liquids without any solid foods, recommended for medical reasons to rest the stomach or intestines.

Gelatin

A translucent, colorless, flavorless food ingredient derived from collagen that is commonly used in food products, medications, and cosmetic manufacturing.

Nutritional Status

An assessment of the body's dietary intake and nutrient levels, crucial for maintaining health and preventing diseases.

Prealbumin

A protein found in the blood that is an indicator of nutritional status and can help assess the risk of malnutrition.