For Firms with Constant and Equal Long-Run Marginal Cost Curves,the

question 74

Multiple Choice

For firms with constant and equal long-run marginal cost curves,the Cournot equilibrium occurs at:

• A)the point of intersection of the firms' reaction curves.
• B)the point where price equals marginal cost.
• C)the point where the demand curve is tangent to the marginal cost curve.
• D)the point of intersection of one firm's reaction curve and the demand curve.

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Definitions:

Gametophytes

The haploid phase in the life cycle of plants and algae that produces gametes (sperm and eggs).

Sporophyte Body

The life cycle phase of plants that experience generation alternation, where they produce spores and are diploid.

Most Species

This term refers to the majority of distinct biological groups recognized by their unique characteristics and genetic makeup within the biosphere.

Dicots

Plants that are characterized by having two seed leaves, or cotyledons, and usually flower parts in multiples of four or five.