If the Short-Run Supply Curve,the Demand Curve,and the Long-Run Supply

question 10

Multiple Choice

If the short-run supply curve,the demand curve,and the long-run supply curve all intersect at the same point,firms will experience ________ economic profits,which means the price is ________ the minimum point on the average total cost curve.

• A) positive; above
• B) zero; at
• C) negative; below
• D) negative; at
• E) zero; above

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Definitions:

Senior Management

The highest level of management within an organization, responsible for strategic decision-making and overall leadership.

Interactional Justice

The interpersonal treatment employees receive during the implementation of the downsizing decision.

Downsizing Decision

The process undertaken by a company to reduce its workforce to improve efficiency or reduce costs.

Interpersonal Treatment

The behavior and manner in which individuals interact with one another within an organization.