Which of the Following Is (Are) True

question 211

Multiple Choice

Which of the following is (are) true?

• A) When choosing the profit-maximizing quantity, the short-run decisionmaking process for a firm in perfect competition and a firm in monopolistic competition is the same, since they produce the quantity where MR = MC.
• B) In the long run in perfect competition economic profits = 0, and in monopolistic competition in the long-run economic profits are = 0.
• C) In perfect competition P = MC and in monopolistic competition, MR = MC, but P > MC and there is excess capacity.
• D) All of the above are true.

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Definitions:

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, often measured for health assessments.

Orgasm

The climax of sexual stimulation characterized by intense pleasure and the release of sexual tensions.

Refractory Period

A phase right after stimulation when a nerve or muscle cannot respond to additional stimulation.

Plateau Phase

A stage in the sexual response cycle where sexual tension and arousal are maintained at a high but stable level, prior to climax.