In Long Run Monopolistic Competition Equilibrium, There Can Be

question 55

Multiple Choice

In long run monopolistic competition equilibrium, there can be

• A) economic profits, but not losses.
• B) economic profits or losses.
• C) no economic profits, but losses.
• D) neither economic profits nor losses.

---

Definitions:

Stroke

In psychology, a metaphorical term for a unit of interpersonal recognition or validation.

Negative Metacommunication

Communication that implicitly or explicitly transmits a negative message about the communication process itself, potentially undermining the content or relationship between the communicators.

Kinesic Messages

Nonverbal communication cues expressed through body language, such as gestures, facial expressions, and posture.

Organizational Subunits

Organizational subunits are divisions or smaller sections within an organization, each focusing on specific functions or tasks, contributing to the overall objectives.