When a Monopolistically Competitive Firm Is in Long-Run Equilibrium,what Is

question 5

Multiple Choice

When a monopolistically competitive firm is in long-run equilibrium,what is the case

• A)Price is equal to minimum average total cost.
• B)Price equals marginal cost.
• C)Price equals marginal revenue.
• D)Price is equal to average total cost.

---

Definitions:

Leadership Style

The manner and approach of providing direction, implementing plans, and motivating people within organizational settings.

Organizational Norms

Shared expectations and standards that guide behavior and interactions within an organization.

Adherence

The act of following or being in compliance with rules, guidelines, or instructions.

Authentic Leaders

Leaders who are self-aware, transparent, and ethical, who prioritize long-term values over short-term gains, and inspire trust and loyalty in followers.