Which of the Following Is Generally True of a Monopolistic

question 156

Multiple Choice

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

• A) price greater than minimum average total cost
• B) price equal to marginal revenue
• C) price equal to marginal cost
• D) positive economic profits

---

Definitions:

Sexual Motivation

The drive or desire to engage in sexual activities, influenced by biological, psychological, and socio-cultural factors.

Neuroscience

Neuroscience is the scientific study of the nervous system, encompassing aspects of biology, psychology, and medicine to understand the brain and behavior.

Reasoning Capacities

The cognitive abilities that enable an individual to think logically, make decisions, and solve problems.

Brain Functions

The various processes and activities by which the brain operates, including cognition, sensation, emotion, and coordination.