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

question 132

Multiple Choice

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

• A) marginal cost exceeds average total cost
• B) marginal revenue = marginal cost
• C) production in the range of economies of scale
• D) price greater than marginal revenue

---

Definitions:

Blank Slates

A theory suggesting that individuals are born without built-in mental content and that all knowledge comes from experience or perception.

Information-Processing Theory

A cognitive psychology theory that uses a computer metaphor to explain how human mind processes information, including stages of encoding, storage, and retrieval.

Cognitive Development

The process by which individuals acquire and evolve their abilities in thinking, reasoning, and understanding throughout their lives.

Occurs Daily

Events or actions that happen or are performed every single day.