Which of the Following Factors Explain the Difference in Long-Run

question 128

Multiple Choice

Which of the following factors explain the difference in long-run profits earned by a monopolist and a perfectly competitive firm?​

• A)Monopolists experience economies of scale.
• B)Perfectly competitive firms have high opportunity costs.
• C)The demand for the monopolist's output is inelastic.
• D)The demand for the monopolist's output is elastic.
• E)There are no barriers to entry in perfect competition.

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Definitions:

Sexual Norms

Cultural rules and expectations regarding sexual behavior and expressions within a society.

Family Stability

The degree of consistency, cohesion, and emotional security within a family unit, which can impact the well-being and development of its members.

Social Constructionist Perspective

A theory that suggests that our understanding of reality is constructed through our interactions and social negotiations within a cultural context.

Sexual Identity

An individual's personal sense of their own sexuality, which can include aspects like sexual orientation, sexual preferences, and gender identity.