Long-Run Equilibrium Under Monopolistic Competition Is Similar to Long-Run Equilibrium

question 95

Multiple Choice

Long-run equilibrium under monopolistic competition is similar to long-run equilibrium under perfect competition in that:

• A) price equals the minimum average total cost.
• B) firms face perfectly elastic demand curves.
• C) price equals average cost.
• D) marginal revenue equals average cost.

---

Definitions:

Stereotype Threat

The risk of confirming negative stereotypes about one's social group, which can hinder performance in various domains.

Mathematics Classes

Educational courses or lessons focused on the study of numbers, quantities, shapes, and the relationships between them.

Females

The sex of an organism, or part of an organism, which produces non-motile ova (egg cells) necessary for reproduction.

Social Anxiety

The fear of social situations that involve interaction with other people, often driven by worries about being judged or embarrassed.