According to the Text, the Primary Check on the Interest

question 59

Multiple Choice

According to the text, the primary check on the interest group advantages of business interests is

• A) the power of labor groups to outspend business groups.
• B) environmental groups employing more lobbyists.
• C) stronger lobbying capacity of groups representing low-income people.
• D) the spotlight of sustained public attention-the power of democracy.
• E) the commitment of one individual whistleblower.

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Definitions:

Barriers To Entry

Obstacles that make it difficult for new firms to enter a market, which may include high start-up costs, regulatory hurdles, or strong competition.

Monopolistic Competition

Market in which firms can enter freely, each producing its own brand or version of a differentiated product.

Monopoly

A market structure characterized by a single seller controlling the entire supply of a unique product or service, without close substitutes.

Differentiated Products

Goods or services that are distinguished from similar products by characteristics like quality, features, or brand identity, leading to non-price competition.