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.

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Definitions:

Intoxicated

The state of being under the influence of alcohol or drugs to the extent that physical and mental control is markedly diminished.

Forcibly

Using physical strength or power to make something happen or to make someone do something against their will.

Acute Phase

A period in the progression of a disease where symptoms are at their most severe.

Rape Trauma Syndrome

A form of post-traumatic stress disorder affecting individuals who have experienced sexual assault, characterized by acute and long-term psychological effects.