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In the Long Run, Will the Market Price for a Good/service

question 11

Essay

In the long run, will the market price for a good/service always equals the equilibrium price? Explain why or why not.


Definitions:

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Employee Performance

The job-related actions and behaviors of an employee that contribute to the goals of the organization.

Goal-Setting Programs

Structured initiatives within an organization that aim to define and achieve specific objectives through actionable steps and milestones.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the objectives.

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