The Statement That Does Not Hold True for a Perfectly

question 142

Multiple Choice

The statement that does not hold true for a perfectly competitive firm in long-run equilibrium is

• A)Its economic profit will be zero.
• B)It will minimise average total cost.
• C)It will charge a price equal to marginal cost.
• D)Marginal cost will be minimised.

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Definitions:

Pocahontas

A Native American woman notable for her association with the colonial settlement at Jamestown, Virginia, and her role in fostering peace between Native Americans and English settlers.

Peaceful Co-Existence

A principle suggesting that nations or ideologies with differing viewpoints can live alongside each other without conflict, often associated with Cold War era diplomacy.

Massachusetts Bay

A region in New England, central to the early British colonization of North America, known for the founding of the Massachusetts Bay Colony in 1630 by Puritan settlers seeking religious freedom.

English And Indians

Refers to the historical interactions, both cooperative and conflicted, between English settlers or colonists and the Indigenous peoples of North America.