[Solved] Which of the following is NOT true concerning Manet's Luncheon on the Grass? A)The public and critics rejected it because they felt it was intended as pornography. B)The composition was based on a design by Raphael. C)Inspired by the Baroque artists, Manet used open brushwork to paint it. D)It would be classified as Postimpressionist in style. E)The figures were not modeled with a variety of value tones. Economic Profit: calculated as the difference between a firm's total revenue and its total costs, recognizing both explicit and implicit costs, emphasizes a firm's real financial health. Monopolistically Competitive Firm: A firm that operates in a market structure characterized by many firms selling products that are similar but slightly differentiated, leading to some degree of market power. Perfectly Competitive: A market structure characterized by a large number of buyers and sellers, homogenous products, free entry and exit, and perfect information. Long-Run Equilibrium: A state in which all factors of production and variables in the market are at a balance, with no external pressures causing change in the short term.