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In Figure 23

question 28

Multiple Choice

In Figure 23.3, diagram a presents the cost curves that are relevant to a firm's production decision, and diagram b shows the market demand and supply curves for the market. Use both diagrams to answer the following question: In Figure 23.3, at a price of p<sub>2</sub> in the long run A) Firms will enter the market. B) Economic profits equal zero. C) Firms will exit the market. D) P = AVC. In Figure 23.3, diagram "a" presents the cost curves that are relevant to a firm's production decision, and diagram "b" shows the market demand and supply curves for the market. Use both diagrams to answer the following question: In Figure 23.3, at a price of p₂ in the long run

Definitions:

Path-goal Theory

A leadership theory that suggests a leader's behavior is effective when employees perceive it as a source of satisfaction or as paving the way to future satisfaction.

Adapt Behavior

The process of changing or modifying one's actions in response to changes in the environment or situational demands.

Environment

Anything outside the boundaries of an organization.

Charismatic Leadership

A style of leadership where the leader possesses exceptional charm and persuasiveness that inspire and motivate followers towards a vision.