Which of the Following Is Most Likely to Be True

question 179

Multiple Choice

Which of the following is most likely to be true of a monopoly in long-run equilibrium if it enjoys a patent and earns economic profit in the short run?

• A)It will earn only a normal profit in the long run.
• B)It will suffer an economic loss and stop producing in the long run.
• C)It will earn a positive economic profit in the long run.
• D)It will achieve productive efficiency in the long run.
• E)It will achieve allocative efficiency in the long run.

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Definitions:

Stage Acts

Performances presented to an audience in a theater or other entertainment venue.

Memories Recalled

Memories recalled refer to the process of retrieving information from the past that has been stored in the brain, an essential component of cognitive function and personal identity.

Hypnosis

A condition of deep concentration and increased openness to suggestion, frequently employed in therapy.

Physical Powers

The ability or capacity to perform physical tasks, often implying strength, agility, or endurance.