In the Long Run, Both Monopolistically Competitive and Perfectly Competitive

question 56

Multiple Choice

In the long run, both monopolistically competitive and perfectly competitive firms attain

• A) lowest cost production.
• B) positive economic profits.
• C) zero economic profits.
• D) productive efficiency.

---

Definitions:

Endometrium

The mucous membrane lining the interior of the uterus, which thickens during the menstrual cycle in preparation for possible implantation of an embryo.

Gestational Hypertension

A condition characterized by high blood pressure, edema, and protein in the urine, also referred to as pregnancy-induced hypertension.

High Blood Pressure

A condition where the force of the blood against the artery walls is too high, often leading to health problems such as heart disease.

Protein In Urine

The presence of an abnormal amount of protein in the urine, often indicating kidney damage or disease.