In the Long Run, Provided That There Are No External

question 207

Multiple Choice

In the long run, provided that there are no external benefits or costs, perfect competition will result in an efficient allocation of resources because:

• A) P > MR.
• B) P = MC.
• C) P = MR
• D) economic profits are greater than zero.

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Definitions:

Muscular Development

The process of growth and strengthening of muscle fibers through physical activity and nutrition.

Physical Development

The biological growth and changes in the human body over time, including motor skills, muscle and bone growth, and the maturation of organ systems.

Growth

The process of increasing in physical size, often measured through parameters like height, weight, and strength.

Sleep Patterns

Describes the habitual resting and activity cycles or rhythms that determine when a person sleeps and wakes.