2

One of the assumptions in my paper requires a long line of text. Is there a way to format this nicely? I'd like to keep it in math mode so that it looks the same as the other assumptions and I can refer to it with a label.

Thanks!

\begin{align*}
\text{The joint distribution of $(D, M_1, M_2, \theta)$ admits a bounded density with respect to the product measure of the counting measure on the set $\{0,1\}$ and the Lebesgue measure on $\mathcal{M}_1 \times \mathcal{M}_2  \times \Theta$. All marginal and conditional densities are also bounded.} \tag{A1}
\end{align*}
5

Single line equations should never be in align (even without the \text requirement).

You could use

\begin{equation}
\parbox{.7\textwidth}{The joint distribution of $(D, M_1, M_2, \theta)$ admits a bounded
 density with respect to the product measure of the counting measure on the set
 $\{0,1\}$ and the Lebesgue measure on $\mathcal{M}_1 \times \mathcal{M}_2
  \times \Theta$. All marginal and conditional densities are also bounded.}
 \tag{A1}
\end{equation}

Although probably I'd look at using an environment defined with \newthorem rather than math mode for this.

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