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Nicole is socially inhibited and oversensitive to negative evaluation. She was thinking about a career in nursing, but she changed her mind because she believes the doctors would criticize her and patients would reject her. She has never been on a date because she feels socially inept and unappealing; she avoids meeting new people because anything less than immediate, unconditional acceptance causes her anxiety. Just yesterday she was invited to go on a kayak trip, but she didn't go because she was worried she would embarrass herself. Which of the following diagnoses accounts for Nicole's personality?
Monopolistically Competitive Market
A market structure characterized by many firms selling similar but not identical products, with each having some control over its own prices.
Economic Profit
The profit a company makes after subtracting both its explicit and implicit costs.
Monopolistically Competitive Industry
An industry characterized by many firms, differentiated products, and free entry and exit.
Market Share
The fraction of the total industry output accounted for by a given producer’s output.
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