Which of the Following Is an Example of Co- Optation

question 98

Multiple Choice

Which of the following is an example of co- optation?

• A)Appointing the CEO of a company's bank to its board of directors
• B)Creating cross- functional teams
• C)Establishing an ethics committee
• D)Forming a joint venture to develop a new technology

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Definitions:

Short-Run Equilibrium

A condition in a market or economy where all forces are balanced, but only temporarily; prices and output may change until a long-run equilibrium is achieved.

Long-Run Equilibrium

A condition where an economy or market achieves a stable state after adjustments, where supply equals demand over an extended period.

Pure Competition

A market structure characterized by a large number of sellers and buyers, free entry and exit, and a product that is homogeneous across producers.

P = MC

An economic condition where price equals marginal cost, indicating optimal resource allocation in perfectly competitive markets.