Which of the Following Is (Are) True

question 211

Multiple Choice

Which of the following is (are) true?

• A) When choosing the profit-maximizing quantity, the short-run decisionmaking process for a firm in perfect competition and a firm in monopolistic competition is the same, since they produce the quantity where MR = MC.
• B) In the long run in perfect competition economic profits = 0, and in monopolistic competition in the long-run economic profits are = 0.
• C) In perfect competition P = MC and in monopolistic competition, MR = MC, but P > MC and there is excess capacity.
• D) All of the above are true.

Understand Hofstede's cultural dimensions and their application to organizational behavior.

Recognize the importance of ethical culture in organizations and the role of managers.

Identify cultures that prioritize employee well-being, community, and societal contributions over profit.

Explain the concepts of communal and networked cultures and their impact on knowledge sharing and collaboration.