In Long-Run Equilibrium for Both a Competitive Market and Monopolistic

question 85

Multiple Choice

In long-run equilibrium for both a competitive market and monopolistic competition

• A) accounting profit is zero.
• B) price equals marginal revenue.
• C) long-run average cost is minimized.
• D) economic profit is zero.
• E) productive efficiency is achieved.

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Definitions:

Business-IT Alignment

The process of ensuring that an organization's information technology supports and is in harmony with its business strategies and objectives.

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The state in which a company’s strategies, activities, and resources are cohesively directed towards achieving its goals, often emphasizing a unified direction and purpose.

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Practices and technologies that improve the environmental sustainability of computing, including energy efficiency, reducing resource consumption, and disposing of electronic waste properly.