Which of the Following Statements Is Correct

question 325

Multiple Choice

Which of the following statements is correct?

• A) Firms in monopolistic competition and monopoly can earn economic profits in both the short run and the long run.
• B) Both perfectly competitive and monopolistically competitive firms are price takers.
• C) Both a monopolistically competitive industry and a monopoly are characterized by a very small number of (or one) firm(s).
• D) Firms can easily enter a perfectly competitive or monopolistically competitive industry.

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Definitions:

Treatment Effectiveness

The degree to which a particular treatment or intervention achieves its intended outcome under usual or everyday conditions.

Clinical Disorders

Conditions characterized by significant disturbances in thoughts, feelings, or behaviors, often warranting medical diagnosis and treatment.

Cognitive-Behavioral

Relating to a therapy approach that addresses dysfunctional emotions, maladaptive behaviors, and cognitive processes through a number of goal-oriented, explicit systematic procedures.

Evidence Based

Involving, utilizing, or derived from rigorous scientific evidence as part of making decisions in professional practice, especially within healthcare.