Use the Following for Questions 22-31

question 184

Multiple Choice

Use the following for questions 22-31.
Exhibit: Profit Maximization in Monopolistic Competition

-(Exhibit: Profit Maximization in Monopolistic Competition) In Panel (b) , the long-run equilibrium will result in:

• A) economic profits = 0.
• B) accounting profits = 0.
• C) a tangency of the ATC curve with the MR curve.
• D) A and C.

---

Definitions:

Intrinsic Motivation

Wanting to perform an activity for its own sake.

Overjustification Effect

The tendency for intrinsic motivation to diminish for activities that have become associated with rewards.

Social Comparison Theory

A concept that people evaluate their own abilities and opinions by comparing themselves to others.

Introspection

The process by which a person examines the contents of his or her mind and mental states.