Which of the Following Features Is Common to Both Perfectly

question 99

Multiple Choice

Which of the following features is common to both perfectly competitive markets and monopolistically competitive markets?

• A) Firms produce homogeneous goods.
• B) Prices are equal to marginal costs in the long run.
• C) Long-run profits are zero.
• D) Prices are above marginal costs in the long run.

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Definitions:

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A type of psychotherapy aimed at changing negative patterns of thought to alter behavior and emotions.

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Critical or important aspects, factors, or moments that have a major impact on a situation or outcome.

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