Which of the Following Statements Is Not Correct

question 421

Multiple Choice

Which of the following statements is not correct?

• A) Firms in monopolistic competition and monopoly can earn economic profits in the short run.
• B) Firms in monopolistic competition and perfect competition produce the welfare-maximizing level of output.
• C) Monopolistically competitive firms price above marginal cost, whereas competitive firms price at marginal cost.
• D) Firms wishing to enter a monopolistically competitive market can do so freely, whereas firms wishing to enter a monopoly market will face barriers.

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Gay Couples

Romantic partnerships between two individuals of the same sex.

Celibacy

The state of abstaining from marriage and sexual intercourse, often for religious, personal, or health reasons.

Levels of Understanding

The varying depths of comprehension or grasp of a subject, ranging from basic awareness to profound insight.