Use the Figure Below to Answer the Following Question

question 12

Multiple Choice

Use the figure below to answer the following question. Figure 11.4.4
-Refer to Figure 11.4.4,which shows the cost curves for a perfectly competitive firm.If all firms in the market have the same cost curves and the price is $16 per unit,

• A)the market is in long-run equilibrium.
• B)in the long run,firms will leave this market.
• C)in the long run,the price will fall as new firms enter the market.
• D)the firm is making zero economic profit.
• E)none of the above

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Definitions:

Charisma

A compelling attractiveness or charm that can inspire devotion in others, often seen as a unique personal quality.

Leader's Goal

The specific objectives or targets set by individuals in leadership positions to guide and shape the direction of their team or organization.

Reward and Punishment

Behavioral reinforcement concepts where rewards are used to reinforce desired behaviors, whereas punishments are applied to reduce or eliminate undesired behaviors.

Personality

refers to the combination of characteristics or qualities that form an individual's distinctive character, influencing behaviors and attitudes.