Economic Profit in the Long Run Is

question 156

Multiple Choice

Economic profit in the long run is

• A) possible for both a pure monopoly and a pure competitor.
• B) possible for a pure monopoly but not for a pure competitor.
• C) impossible for both a pure monopolist and a pure competitor.
• D) only possible when barriers to entry are nonexistent.

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Definitions:

Chemotherapy

A type of cancer treatment that uses drugs to kill or stop the growth of cancer cells.

Wilms Tumor

A type of cancer that primarily affects the kidneys of young children.

Abdominal Swelling

An increase in the size or bulge of the abdomen, which can be due to various medical conditions including gas, fluid accumulation, or organ enlargement.

Hypotension

A condition characterized by abnormally low blood pressure, which can lead to symptoms like dizziness and fainting.