Which of the Following Is True Under Monopolistic Competition in the Short

question 121

Multiple Choice

Which of the following is true under monopolistic competition in the short run?

• A)profits are always zero.
• B)P > MC.
• C)P = MR.
• D)all of the choices are true in monopolistic competition.

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Definitions:

Rewarding Stimulus

A stimulus that increases the likelihood of a particular behavior by providing a positive outcome or pleasure when the behavior is performed.

Positive Reinforcement

A process in behavioral psychology where a desirable stimulus is presented after a behavior, increasing the likelihood of that behavior being repeated in the future.

Response Strengthened

This term describes the process by which a behavior becomes more likely to occur as a result of reinforcement.

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus following a desired behavior increases the likelihood of the behavior occurring again.