Under Perfect Competition in the Long Run,price Is Equal to

question 259

Multiple Choice

Under perfect competition in the long run,price is equal to

• A)marginal revenue.
• B)marginal cost.
• C)average total cost.
• D)All of the choices are equal to price under perfect competition.

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Definitions:

Perceived Dependency

Perceived Dependency refers to the extent to which individuals believe they rely on others or external factors for support, resources, or decision-making.

Doing Favors

Acts of kindness or assistance typically performed without expecting anything in return.

Building Reputations

involves the process of developing perceptions or opinions about an entity's character or quality, based on past actions and behaviors.

Equalize Power

Involves distributing authority and decision-making capabilities across an organization or community to ensure fair participation.