In the Long Run,entry Ensures That the Typical Monopolistically Competitive

question 19

Multiple Choice

In the long run,entry ensures that the typical monopolistically competitive firm will

• A)produce at minimum efficient scale
• B)earn an economic profit
• C)earn a normal profit
• D)price its output at marginal cost
• E)standardize its product

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Definitions:

Trisomy

Chromosome condition in which a diploid cell has one more chromosome than normal; designated as 2n + 1.

Extra Copy

In genetics, refers to an additional copy of a gene or chromosome segment, potentially leading to variations in traits or disease susceptibility.

Chromosome

A structure within cells that contains genetic information in the form of DNA, essential for the control of cell activities and inheritance.

Trisomy 21

A genetic disorder caused by the presence of an extra 21st chromosome, also known as Down syndrome.