Which of the Following Statements Is True

question 56

Multiple Choice

Which of the following statements is true?

• A)People who describe themselves as nutritionists are registered dietitians.
• B)In general,registered dietitians are reliable sources of nutrition information.
• C)Pseudoscience is the practice of medicine without proper training and credentials.
• D)In the United States,a person can obtain a Ph.D.in nutrition only by graduating from an accredited institution of higher learning.

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Definitions:

Short-Run Profits

Short-run profits refer to the excess revenues over costs that a firm can generate in a period where at least one factor of production is fixed.

Long-Run Profits

Earnings that a firm expects to generate over an extended period, taking into account all variable and fixed costs.

Excess Capacity

The situation where a firm produces less than its total output capacity, often due to lack of demand.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and price setting.