If a Competitive Firm Is in Short-Run Equilibrium,then

question 2

Multiple Choice

If a competitive firm is in short-run equilibrium,then

• A)profits equal zero.
• B)it will not operate at a loss.
• C)an increase in its fixed cost will have no effect on profit.
• D)an increase in its fixed cost will have no effect on output as long as revenue can cover its variable cost.

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Definitions:

Schizophrenia

A chronic and severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Desensitization

A psychological process that reduces the emotional response to a stimulus after repeated exposure to it.

Behavioral Contracting

A therapy technique where an agreement is made between a client and a therapist, outlining behaviors to change and the consequences of actions.

Free Association

A therapeutic technique in psychoanalysis where the patient verbalizes thoughts as they occur, without censorship or filtering, to uncover unconscious processes.