Which of the Following Is TRUE of a Perfectly Competitive

question 224

Multiple Choice

Which of the following is TRUE of a perfectly competitive firm and a monopoly in the long run?

• A) P = MC
• B) P = ATC
• C) MR = MC
• D) P = MR

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Definitions:

XY

A 23rd chromosome pair that consists of an X-shaped chromosome from the mother and a Y-shaped chromosome from the father. XY zygotes become males.

Chromosomes

Threadlike structures made of DNA molecules that contain the genes and are located in the nucleus of cells.

X Chromosomes

One of the two types of sex chromosomes, where two X chromosomes typically characterize females and one X and one Y chromosome characterize males.

Monozygotic Twins

Twins that result from one fertilized egg splitting and developing into two embryos, sharing identical genetics.