Which Statement Is True

question 51

Multiple Choice

Which statement is true?

• A)The monopolistic competitor can make a profit in the long run.
• B)The monopolistic competitor operates at an output that is the lowest point on the ATC.
• C)The monopolistic competitor has a small influence on price because its products are differentiated.
• D)None of these statements are true.

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Definitions:

Sacred And Profane

Terms used in sociology and anthropology to distinguish between aspects of life that are spiritually or religiously meaningful (sacred) and those that are not (profane).

Maternity Leave Benefits

Employment benefits that provide paid or unpaid leave for mothers to recover from childbirth and bond with their newborn.

Working-Class Families

Households where the majority of income comes from wages earned through manual labor or skilled trades.

Divorce Rate

A statistical figure expressed as the number of divorces occurring among the population of a given area during a year per 1,000 population.