In the Long Run, Firms in Both Monopolistically Competitive Markets

question 155

Multiple Choice

In the long run, firms in both monopolistically competitive markets and perfectly competitive markets earn zero economic profits, but unlike perfectly competitive firms in the long run, monopolistically competitive firms

• A)charge a price that is greater than average revenue.
• B)charge a price that is equal to marginal cost.
• C)do not produce at minimum average total cost.
• D)charge a price that is equal to average total cost.

---

Definitions:

Correctional Institutions Environment Scale

A tool used to assess the social climate and environmental factors within correctional facilities.

Specific Prejudice

Bias or prejudgment against a particular group or individual based on specific characteristics.

Lineup Foils

Individuals in a police lineup who are not suspects but are included to ensure the fairness and reliability of the identification process.

Therapeutic Community

A structured treatment environment where patients and therapists live together to work towards healing and rehabilitation.