The Figure Below Shows the Revenue and Cost Curves of a Monopolistically

question 19

Multiple Choice

The figure below shows the revenue and cost curves of a monopolistically competitive firm.Figure: 12.2
In the figure,
D: Demand curve
MR: Marginal revenue curve
ATC₁ and ATC₂: Average total cost curves
MC: Marginal cost curve
-In the long-run, in a monopolistically competitive market:

• A)marginal revenue is greater than average revenue.
• B)price equals marginal cost.
• C)price equals minimum average total cost.
• D)the firms earn positive economic profits.
• E)resources are inefficiently allocated .

Describe the key components of safety culture within a healthcare organization.

Apply the seven rights of drug administration to ensure the safe delivery of medications.

Understand the concept and implications of sentinel events in healthcare settings.

Utilize technology and strategies endorsed by safety organizations to reduce medication errors.

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Definitions:

Motive

A reason for doing something, especially one that is hidden or not obvious.

Boston Marathon

An annual marathon hosted by the city of Boston, Massachusetts, known as the world's oldest annual marathon.

Cheating

The act of being dishonest or unfair in order to gain an advantage, especially in a learning environment or in competitive situations.

Distributive Tactics

Strategies used in negotiations where parties view the available outcomes as fixed, leading to a win-lose situation where one's gain is the other's loss.