Which of the Following Is Generally True of a Monopolistic

question 137

Multiple Choice

Which of the following is generally true of a monopolistic competitor operating in the long run?

• A)price equal to minimum average total cost
• B)marginal cost exceeds marginal revenue
• C)marginal revenue exceeds marginal cost
• D)demand is perfectly elastic
• E)price exceeds marginal cost

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Definitions:

Convergent Validity

Convergent validity is the extent to which two measures of constructs that theoretically should be related, are in fact related.

Cronbach's Alpha

A measure of internal consistency that assesses how closely related a set of items are as a group, often used in survey research.

Internal Consistency

A measure of the reliability of a psychological test that assesses the extent to which different test items that propose to measure the same general construct produce similar results.

Cohen's Kappa

Cohen's Kappa is a statistical measure used to assess the reliability of inter-rater agreement for qualitative (categorical) items, correcting for the chance of agreement.