Which of the Following Does Not Hold True for a Perfectly

question 128

Multiple Choice

Which of the following does not hold true for a perfectly competitive firm in long-run equilibrium?

• A)Its economic profit will be zero.
• B)It will minimize average total cost.
• C)It will charge a price equal to marginal cost.
• D)Marginal cost will be minimized.

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Definitions:

Relations-Oriented

Focus on building and maintaining strong interpersonal relationships within a team or organization to facilitate teamwork and collaboration.

Behaviors

The actions or reactions of an individual or group in response to external or internal stimuli.

Recognizing Category

The process of identifying or acknowledging the existence of a specific group or classification within a larger context.

Giving Praise

The act of expressing approval or admiration to recognize someone's effort or achievement.