In the Long Run, a Monopolistically Competitive Firm Will Find

question 96

Multiple Choice

In the long run, a monopolistically competitive firm will find

• A)its demand curve shifting until price equals average total cost
• B)its cost curve shifting until price equals average total cost
• C)its demand curve shifting until marginal revenue equals marginal cost
• D)its cost curve shifting until marginal revenue equals marginal cost
• E)no changes in its demand or cost curves if it is earning an economic profit

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Definitions:

Homozygous

Having two identical alleles of a particular gene or genes, resulting in a specific genotype for that trait.

Heterozygous

Having two different alleles at a specific locus on a pair of homologous chromosomes, resulting in genetic variation.

Genetic Locus

A specific, fixed position on a chromosome where a particular gene or genetic marker is located.

X Chromosomes

One of the two sex chromosomes, present in both males (XY) and females (XX), that determine sexual differentiation in humans.