Which of the Following Statements Is True

question 24

Multiple Choice

Which of the following statements is true?

• A)Both a monopolist and a perfectly competitive firm earn zero economic profits in the long run.
• B)A monopolist earns zero economic profits, while a perfectly competitive firm earns positive economic profits in the long run.
• C)Both a monopolist and a perfectly competitive firm earn zero economic profits in the short run.
• D)Both a monopolist and a perfectly competitive firm earn positive economic profits in the long run.
• E)A monopolist earns positive economic profits, while a perfectly competitive firm earns zero economic profits in the long run.

---

Definitions:

Chronic Illness

A chronic illness is a long-term health condition that may not have a cure, affecting a person's lifestyle, independence, and quality of life.

Family Counseling

A form of psychotherapy aimed at addressing and improving problematic patterns of interaction and communication within a family unit.

Flu Immunization

The vaccination given to prevent influenza, a viral infection that attacks the respiratory system.

Primary Prevention

Strategies and actions taken to prevent diseases or injuries before they occur, such as vaccination or lifestyle changes.