In the Long Run Under Perfect Competition

question 272

Multiple Choice

In the long run under perfect competition

• A)most firms make a profit.
• B)most firms lose money.
• C)firms operate at the minimum points of their average total cost curves.
• D)most firms make economic profits,but not accounting profits.

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Definitions:

Chemoaffinity Hypothesis

Proposal that neurons or their axons and dendrites are drawn toward a signaling chemical that indicates the correct pathway.

Stimulating Environments

Environments that provide sensory, intellectual, or emotional stimulation, which can enhance learning and development.

Stimulation Deprivation

A condition or situation in which an organism receives less sensory input or stimulation than is normal or necessary, potentially affecting development or functioning.

Human Affection

The feelings of love, warmth, and fondness between humans.