Which of the Following Are True? the Similarities Between Perfect

question 52

Multiple Choice

Which of the following are true? The similarities between perfect competition and monopolistic competition include: (1) no barriers to entry.
(2) profit-maximizing output occurs where MC = MR.
(3) long-run economic profit equals zero.

• A)(1)only
• B)(2)only
• C)(1)and (2)only
• D)(2)and (3)only
• E)(1), (2),and (3)

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Definitions:

Achievable

Referring to goals or tasks that are possible to complete or attain with effort.

Organizational Justice

The perception of fairness in the workplace, including fair treatment, distribution of resources, and information sharing.

Herzberg's Two-Factor Theory

A motivational theory which suggests that there are certain factors in the workplace that cause job satisfaction, while a separate set of factors cause dissatisfaction.

Goldilocks Rule

suggests finding a balance in tasks or challenges that are neither too easy nor too difficult to maintain motivation and engagement.