In a Long-Run Equilibrium Where Firms Have Identical Costs, It

question 21

True/False

In a long-run equilibrium where firms have identical costs, it is possible that some firms in a competitive market are making a positive economic profit.

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Definitions:

External Leader

A leader who is not a member of a team or organization but influences it from the outside.

Initiative

The ability to assess and initiate things independently, often to take charge before others do.

Leader Political Support

Political acts and influence techniques used by the leader to provide followers with the resources they need to accomplish individual, group, or organizational objectives

Human Resources Director

A senior-level executive responsible for overseeing the recruitment, training, and welfare of the employees in an organization, guiding HR policies and strategies.