Which of the Following Is Not a Characteristic of Long-Run

question 66

Multiple Choice

Which of the following is not a characteristic of long-run equilibrium in a monopolistically competitive market?

• A)Selling price equals average total cost.
• B)Production is at minimum average total cost.
• C)Marginal revenue equals marginal cost.
• D)Selling price is greater than marginal cost.

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Definitions:

Election Of 1864

The United States presidential election of 1864, held during the Civil War, resulted in the re-election of Abraham Lincoln.

Abraham Lincoln

The 16th President of the United States (1861-1865) known for leading the country during the Civil War, emancipating slaves through the Emancipation Proclamation, and promoting reunification.

War-Weariness

A condition of feeling fatigue, disillusionment, or a strong desire for peace after prolonged periods of conflict, affecting individuals and societies.

Northerners

Generally refers to the residents or characteristics of the northern part of a country or region, but in U.S. history, it often specifically refers to residents of the Northern States, especially during the Civil War era.