Which of the Following Is True of a Perfectly Competitive

question 101

Multiple Choice

Which of the following is true of a perfectly competitive firm and a monopoly in the long run?

• A) P = MC
• B) P = ATC
• C) MR = MC
• D) P = MR

---

Definitions:

Logical Operator

Used in scripting to allow for two or more conditions to be tested in one statement. Examples of logical operators include AND, NOT, and OR.

Expression

In computer science, an expression is a combination of values, variables, and operators, which are interpreted by a computer to produce another value.

Condition

A specific state of being or existence of something, often related to quality, appearance, or working order.

Comment

In a script, a comment is used to explain what some part of the code does, but it is ignored by the computer when running the script.