Which of the Following Is (Are) True

question 17

Multiple Choice

Which of the following is (are) true?

• A) In perfect competition, price will be less than marginal cost.
• B) In perfect competition, price will seldom adjust to In perfect competition, price will seldom adjust to reflect changes in production costs in the long run.
• C) In perfect competition, to maximize profits, a firm will operate where P = MR = MC.
• D) All of the above are true.

---

Definitions:

Salesforce Structure

The organization and hierarchy of a sales team, including roles, responsibilities, and territories.

Geographic

Pertaining to the physical locations and regions when considering market segmentation or business expansion strategies.

Key Accounts

Refers to a company's most valuable and strategically important clients, who contribute significantly to its revenue and profitability.

Customer Service

The provision of assistance and advice to those who buy or use products or services.