Another Name for an Interest Group Is

question 41

Multiple Choice

Another name for an interest group is

• A)pressure group.
• B)cabal.
• C)political party.
• D)coalition.
• E)constituency.

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Definitions:

Perfectly Competitive Firm

A company operating in a market where there are many sellers and buyers, the product is homogeneous, and there are no barriers to entry or exit.

Downward Sloping

Describes a line or curve on a graph that shows a decrease in value as it moves from left to right.

Average Total Cost Curve

A graph that shows a firm's per-unit cost (both fixed and variable) at various levels of output.

Upward-sloping

Describes a curve on a graph that moves higher as it goes from left to right, often used to illustrate the relationship between price and supplied quantity in supply curves.