Which of the Following Is TRUE for a Perfectly Competitive

question 140

Multiple Choice

Which of the following is TRUE for a perfectly competitive market in short-run equilibrium?

• A) The quantity supplied equals the quantity demanded.
• B) The typical firm earns zero economic profit.
• C) The typical firm will always make a positive profit.
• D) All of the above are correct.

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Definitions:

Amoeboid Cells

Cells that move or feed by forming extensions of their cytoplasm, known as pseudopodia.

Rhizarians

A diverse supergroup of amoeboid cells that often have hard outer shells, called tests, through which cytoplasmic projections extend; include forams, actinopods, and certain shell-less amoebas.

Unikonts

A group of eukaryotic organisms that include amoebas, most animals, and fungi, characterized by a single emergent flagellum.

Evolutionary Significance

The impact or importance of evolutionary changes and adaptations in the history and development of species, populations, or genes.