At a Long-Run Equilibrium in Monopolistic Competition,price Equals

question 91

Multiple Choice

At a long-run equilibrium in monopolistic competition,price equals

• A) average total cost.
• B) marginal cost but not marginal revenue.
• C) marginal revenue but not marginal cost.
• D) zero.
• E) marginal revenue and marginal cost.

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Definitions:

Management by Reinforcement

A leadership approach that emphasizes the use of positive reinforcements to shape behavior and achieve desired outcomes.

Negotiations

The process of discussing terms and conditions between parties with the aim of reaching an agreement or compromise.

Performance Management Process

A systematic approach to improving and managing employee performance through set objectives, feedback, and evaluations.

Rewarding Positive

The process of providing positive reinforcement through rewards for desirable behaviors, encouraging their recurrence.