In the Long Run in a Perfectly Competitive Market,economic Profit

question 125

Multiple Choice

In the long run in a perfectly competitive market,economic profit or loss is

• A)the main determinant of total cost
• B)the main driving force determining consumer preferences
• C)the basis of all government policy
• D)the main driving force behind economic change
• E)expected to persist indefinitely

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Definitions:

Abdominal Tone

The condition of the abdominal muscles regarding their tightness or firmness, often assessed during physical examination.

Hernia

A medical condition where an organ or fatty tissue squeezes through a weak spot in the surrounding muscle or connective tissue.

Abdominal Muscles

A group of muscles located in the abdomen that supports the trunk, allows movement and holds organs in place by regulating internal abdominal pressure.

Bowel Protruding

A medical condition where part of the intestine bulges through a weakened area of the abdominal wall.