In the Long Run, If the Demand Curve of a Monopolistically

question 28

Multiple Choice

In the long run, if the demand curve of a monopolistically competitive firm is tangent to its average total cost curve then

• A)the firm would break even.
• B)the firm would shut down temporarily.
• C)the firm would earn enough revenue to cover its variable costs, but not its fixed costs.
• D)the firm would earn an economic profit.

---

Definitions:

Feelings

Personal perceptions or emotional states as a reaction to circumstances, people, or internal thoughts.

Client-Centered

Is a therapeutic approach focusing on providing a supportive environment where clients are encouraged to develop self-awareness and self-acceptance.

Psychotherapist

A professional who treats mental health issues by discussing and exploring thoughts, feelings, and behaviors with clients, using various therapeutic techniques.

Own Problems

The personal challenges or difficulties an individual faces, distinct and separate from those of others.