Which of the Following Are True? the Similarities Between Perfect

question 52

Multiple Choice

Which of the following are true? The similarities between perfect competition and monopolistic competition include: (1) no barriers to entry.
(2) profit-maximizing output occurs where MC = MR.
(3) long-run economic profit equals zero.

• A)(1)only
• B)(2)only
• C)(1)and (2)only
• D)(2)and (3)only
• E)(1), (2),and (3)

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Definitions:

Combo Box

A graphical user interface component that combines a drop-down box with the option for the user to type an entry.

MouseMotionListener

An interface in Java programming that handles mouse movement events, allowing actions to be taken when the user moves the mouse.

Mouse Events

Interactions captured by a computer program, which occur when a user performs actions with a mouse, such as clicking or moving the cursor.

Layout Manager

A layout manager in graphical user interfaces (GUI) is responsible for arranging components within a container according to specific rules.