Which of the Following Will Not Generally Be True of a Monopolistic

question 84

Multiple Choice

Which of the following will not generally be true of a monopolistic competitor operating in the long run?

• A) It will be earning normal profits.
• B) Its marginal revenue = marginal cost.
• C) Its average total cost will be minimized.
• D) Its price will be greater than its marginal cost.

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Definitions:

N7:2

A specific data register or address within a PLC's memory area used for storing or retrieving values, part of the integer file in certain PLC models.

Value

A numerical quantity, character, or boolean state representing data, settings, or measurement outcomes used in calculations, decision-making processes, or as input/output in systems.

N7:2

Represents a specific data register or memory location in certain programmable logic controllers.