The Principle of Minimum Differentiation Reflects the

question 2

Multiple Choice

The principle of minimum differentiation reflects the

• A) tendency for firms to produce at minimum marginal cost in order to compete with one another.
• B) tendency for political parties to make themselves identical to appeal to the median voter.
• C) concept of minimizing the difference between total benefit and total cost to produce efficiently.
• D) attempt to minimize the free-rider problem.

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Definitions:

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