Which of the Following Statements Is Correct

question 127

Multiple Choice

Which of the following statements is correct?

• A) Purely competitive firms, monopolistically competitive firms, and pure monopolies all earn zero economic profits in the long run.
• B) Purely competitive firms, monopolistically competitive firms, and pure monopolies all earn positive economic profits in the long run.
• C) In the long run, purely competitive firms and monopolistically competitive firms earn zero economic profits, while pure monopolies may or may not earn economic profits.
• D) Monopolistically competitive firms earn zero economic profits in both the short run and the long run.

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Definitions:

Comorbidity

The simultaneous presence of two or more diseases or medical conditions in a patient.

Oppositional Defiant Disorder

A psychiatric disorder seen in children and adolescents characterized by defiant, disobedient, and hostile behaviors towards authority figures.

Separation Anxiety Disorder

A psychological condition in which an individual experiences excessive anxiety regarding separation from home or from those to whom the individual has a strong emotional attachment.

Behaviour Disorder

A pattern of disruptive, aggressive, or defiant behavior that lasts for at least six months and causes problems in school, at work, or in social relationships.