The Statement That Does Not Hold True for a Perfectly

question 142

Multiple Choice

The statement that does not hold true for a perfectly competitive firm in long-run equilibrium is

• A)Its economic profit will be zero.
• B)It will minimise average total cost.
• C)It will charge a price equal to marginal cost.
• D)Marginal cost will be minimised.

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Definitions:

Stressful Events

Situations or occurrences that put significant pressure on an individual, potentially impacting their mental and physical well-being.

Dreaming Myth

A culturally or socially constructed belief about dreams that may not be supported by scientific evidence.

First-Person Perspective

A point of view where the narrative is presented from the protagonist's vantage point, using "I" or "we" pronouns.

REM Sleep

A phase of sleep characterized by rapid eye movements, dreaming, and increased brain activity.