In the Long Run,a Firm in Monopolistic Competition ________ a Markup

question 139

Multiple Choice

In the long run,a firm in monopolistic competition ________ a markup of price over marginal cost,and a firm in perfect competition ________ a markup of price over marginal cost.

• A) has; has
• B) has; does not have
• C) does not have; has
• D) does not have; does not have
• E) might have; might have

---

Definitions:

Neurons Change

The process by which neurons alter their structure, function, or connections, often in response to learning or experience.

Filter Theory

A perspective in social psychology suggesting that social and cognitive processes filter the stimuli we pay attention to, impacting our perception and interactions.

Personally Irrelevant Information

Information that does not have a direct impact or relevance to one's own life or current situation.

Visual Information

Data perceived through the sense of sight, including images, symbols, signs, and anything else that can be seen and interpreted visually.