Which of the Following Market Structures Is (Are)capable of Earning

question 106

Multiple Choice

Which of the following market structures is (are) capable of earning positive economic profits in the long run?

• A) monopoly
• B) oligopoly
• C) monopolistic competition
• D) Both A and B.

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Definitions:

Consumption Expenditures

Spending by households on goods and services, with the exception of purchases of new housing.

Effective Marginal Tax Rate

The rate at which an additional dollar of income gets taxed, taking into account the impact of all applicable tax brackets.

Income

Money received on a regular basis from work, investments, business ventures, or other sources.

Medicaid Benefits

Medicaid Benefits are health care program benefits provided by the state and federal government to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.