Under Perfect Competition and Monopolistic Competition, Profits Are Zero in Long-Run

question 241

True/False

Under perfect competition and monopolistic competition, profits are zero in long-run equilibrium.

---

Definitions:

First Generation

Referring to the earliest stage or version of a product, technology, or system, often characterized by being the initial attempt or introductory iteration.

Mobile Networks

Wireless communication networks that enable devices to connect to the internet and communicate with each other without fixed connections.

Rogue Access Point

An unauthorized access point to a wireless network, introduced without the network administrator's consent, potentially compromising network security.

Wi-Fi

A wireless technology that allows electronic devices to connect to a local area network (LAN) using radio waves, providing internet access.