Question

In monopolistic competition, a firm is in long run equilibrium __________.(a) At the minimum point of the LAC curve(b) In the declining segment of the LAC curve(c) In the rising segment of the LAC curve
(d) When price is equal to marginal cost

Answer 1

Relevant - set objectives that will help you improve particular aspects of your business
Time-bound - set objectives you can achieve within the time you need them.