Which of the Following Is True in Perfect Competition at Long-Run

question 369

Multiple Choice

Which of the following is true in perfect competition at long-run equilibrium?

• A) P = ATC = MC = MR
• B) ATC is minimized
• C) economic profit is $0
• D) all of the above

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Definitions:

Sexual Selection

A natural selection process where individuals select mates based on certain traits, affecting the reproductive success of individuals.

Hawaiian Swordtail Crickets

A species or group of crickets native to Hawaii, known for unique traits such as their distinctive tail-like appendages.

Reproductive Barrier

Biological features or mechanisms that prevent species from breeding with each other, maintaining species distinctiveness.

Gametic Incompatibility

Occurs when sperm or pollen from one species fails to penetrate and fertilize the egg or ovule of another species.