Which of the Following Does Not Hold True for a Perfectly

question 244

Multiple Choice

Which of the following does not hold true for a perfectly competitive firm in long-run equilibrium?

• A) Its economic profit will be zero.
• B) It will minimise average total cost.
• C) It will charge a price equal to marginal cost.
• D) Marginal cost will be minimised.

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Definitions:

Electroshock Therapy

A psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders, more commonly known as Electroconvulsive Therapy (ECT).

Feared Object

An item or entity that induces a strong phobic or fearful response in an individual, usually stemming from negative experiences or innate anxieties.

Systematic Desensitization

A behavioral therapy technique used to help individuals overcome phobias and anxieties by gradual exposure to the fear source while practicing relaxation techniques.

Cognitive Therapy

A form of psychotherapy focused on identifying and correcting negative thought patterns to improve emotional well-being and behavior.