Long-Run Equilibrium Occurs in a Competitive Market When

question 64

Multiple Choice

Long-run equilibrium occurs in a competitive market when

• A)economic profit and economic loss have been eliminated.
• B)no barriers to entry exist.
• C)all firms are operating at their shutdown points.
• D)price equals marginal cost.
• E)total revenue is maximized.

Understand the role of precipitation and temperature in defining biome types.

Understand the stages and processes of prenatal development.

Identify the physical support systems for an embryo and explain their functions.

Recognize the impact of stimulants and other substances on prenatal development and infant health.