According to Moscovici's Conversion Theory

question 84

Multiple Choice

According to Moscovici's conversion theory,

• A)minority influence directly affects individuals and the influence is seen almost instantaneously.
• B)minorities pressure group members into changing their judgments without thinking.
• C)minorities are only influential when they consistently present their arguments,regardless of how they are viewed.
• D)minority influence can eventually produce lasting effects that generalizes across different settings and tasks.

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Definitions:

Monopolistic Competition

A market structure characterized by many firms offering differentiated products or services.

Long-Run Equilibrium

A state in which all firms in a market or industry are making normal profits, with no incentive for entry or exit, and all resources are optimally allocated.

Long-Run Equilibrium

A market condition where all inputs can be adjusted, firms are entering and exiting the market, and no economic profits are made, leading to a state of perfect competition.

Monopolistic Competition

An economic setup in which numerous firms offer products that are alike but not the same, enabling competition to revolve around quality, pricing, and promotional strategies.