Refer to the Diagrams

question 149

Multiple Choice

Refer to the diagrams. With the industry structures represented by diagram

• A) (B), there will be allocative efficiency.
• B) (A), economic profit can persist in the long run.
• C) (B), output will be less than in diagram (A).
• D) (B), output will be the same as in diagram (

---

Definitions:

L-Phenylalanine

An essential amino acid with a phenyl group, required for various processes in the body and a precursor to neurotransmitters and proteins.

Organic Product

A chemical compound of organic origin or produced by living organisms.

Gaseous HCl

Hydrochloric acid in its gaseous form, commonly used in chemical synthesis and processing.

Propanoic Acid

An organic compound, a colorless, oily liquid with a pungent odor, used industrially in the production of esters, as a preservative, and in cosmetics.