In the Long Run, an Oligopolist Is Most Likely to

question 59

Multiple Choice

In the long run, an oligopolist is most likely to

• A) Experience economic profits because of barriers to entry.
• B) Experience zero economic profits because barriers to entry do not exist in the long run.
• C) Produce at the most technically efficient output level due to long-run competition.
• D) Face a straight demand curve.

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Definitions:

Extended Care Agency

An organization that provides long-term medical and non-medical services to individuals who require assistance with daily living activities due to chronic illness or disability.

Unilateral Neglect

A condition often resulting from brain damage where a patient is unaware of and does not respond to one side of their body or the environment.

Nonblanchable Redness

Skin redness that does not lighten or turn white when pressure is applied, indicating possible tissue damage or pressure ulcer.

Impaired Skin Integrity

A condition in which the normal structure and function of the skin are damaged, leading to breaks, cuts, or lesions.