Which of the Following Is Not True of a Monopolistically

question 94

Multiple Choice

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

• A)Price exceeds marginal cost
• B)The average total cost curve lies above the demand curve
• C)Marginal revenue equals marginal cost
• D)The price elasticity of demand is zero

---

Definitions:

Basic Emotions

Fundamental human emotions that are universally experienced, such as happiness, sadness, fear, and anger.

Nonverbal Threats

Communications or signals that do not use words but are intended to convey a warning or threat.

Lies Detection

The process of identifying whether a person is not telling the truth through various means.

Carroll Izard

A psychologist known for his contributions to the understanding of emotions and their role in human behavior, especially the Differential Emotions Theory.