E. create value and benefits for owners, employees, and society.
True Market Research is necessary to discover existing products
In the long run, the price charged by a monopolistically competitive firm seeking to maximize profit will <u>exceed MC but equal ATC</u>.
<h3>What is monopolistic competition in the long run?</h3>
Long-term Monopolistic Competition In contrast to perfectly competitive firms, monopolistically competitive firms ultimately decide on an output level below their minimal efficient scale, denoted in Figure as point b. The firm is underutilizing its available resources when it produces below its minimum efficient scale.
<h3>What is excess capacity of a monopolistically competitive firm?</h3>
surplus capacity in contrast to perfectly competitive firms, monopolistically competitive firms ultimately decide on an output level below their minimal efficient scale, denoted in Figure as point b. The firm is underutilizing its available resources when it produces below its minimum efficient scale.
<h3>What are the conditions for price to be equal to cost?</h3>
Price times quantity produced must be more than total variable costs for a certain level of output in order to prevent the short-term failure of the business. Price could be larger than, lower than, or equal to the average overall cost.
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Information systems have automated information management, making it quicker to process large amounts of information, but it can also create issues such as information security and IT competitiveness.
Information security is a problem arising from information systems that can configure fraudulent techniques to steal sensitive data from people and organizations and gain benefits, so it is essential to be prepared for the risks and support from specialized security companies.
The advancement of artificial intelligence can also correspond to a risk in the work environment, such as the competitiveness with IT of professionals who are not prepared to deal with digital innovations.
Therefore, it is necessary that organizations use IT to bring benefits in the speed of organizational processes, preparing themselves for risks and offering training and qualification to their employees to deal with digital systems.
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A store of value, but not a medium of exchange.