If the Interviewer Begins a Question with Tell Me About

question 17

Multiple Choice

If the interviewer begins a question with Tell me about a time when you . . . , you should

• A) recognize that this is a trick question and tactfully refuse to answer.
• B) politely explain that you have never experienced such a situation.
• C) make up any answer and wish that you had been better prepared.
• D) describe a situation or task, tell what action you took, and emphasize a positive result.

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Definitions:

Short-Run Equilibrium

A state in which market supply and demand balance out at a particular price level, resulting in an unchanging economic situation.

Monopolistically Competitive Industry

A commercial arrangement where a large number of businesses market products that are comparable but not the same, providing them with a certain amount of influence in the marketplace.

Monopolistically Competitive Firm

A company operating in a monopolistically competitive market, distinguishing itself through product differentiation and facing a downward sloping demand curve.

MC Curves

Marginal Cost Curves, which graphically represent the change in the cost of producing one more unit of a good.