Which of the Following Is Not a Characteristic of a Monopolistically

question 139

Multiple Choice

Which of the following is not a characteristic of a monopolistically competitive firm in long-run equilibrium?

• A)Marginal revenue is equal to marginal cost.
• B)Price is equal to average revenue.
• C)The firm has excess capacity.
• D)Price is equal to marginal cost.

---

Definitions:

Long Bones

Bones that are longer than they are wide, primarily located in the arms and legs, serving as sites for muscle attachment and enabling movement.

Extracellular Matrix

A complex network of proteins and polysaccharides secreted by cells, providing structural and biochemical support to surrounding cells.

Connective Tissues

Tissue that supports, binds together, and protects the organs and other tissues of the body.

Ground Substance

The non-cellular, gel-like substance surrounding connective tissue cells, providing support and mediating communication between cells.