Which of the Following Is FALSE? If the Leader Sees

question 18

Multiple Choice

Which of the following is FALSE? If the leader sees that a change of purpose is needed,she should​

• A) ​make the change without informing the members.
• B) ​use group time to discuss why the change might be helpful.
• C) ​both of the choices are false
• D) ​neither of the choices is false

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Definitions:

Purely Competitive

A market structure characterized by a large number of small firms, identical products, and free entry and exit from the market, leading to price-taking behavior.

Long Run

A period in which all factors of production and costs are variable, allowing complete adjustment to changes.

Accounting Profits

The financial gain calculated by subtracting total expenses from total revenues, according to standard accounting practices.

Long-Run Equilibrium

The state in which all factors of production and costs are variable, and firms earn normal profits in a competitive market.