Which of These Statements About Subcultures Is False

question 75

Multiple Choice

Which of these statements about subcultures is false?

• A) Within the United States only a small percentage of people belong to a subculture.
• B) Subcultures may be based on religion, age, interests, or ethnicity.
• C) Sociological study of subcultures is often limited to visible and distinctive subcultures.
• D) Social media users could be considered a subculture.

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a particular market, determined by supply and demand.

Total Revenue

The total income received by a company from its sales of goods or services, without any deductions.

Cost Curves

Graphical representations showing how the cost to produce a given level of output changes with the amount of output.

Price-Taker Industry

An industry in which individual companies have no control over the market price of their product; they must "take" the market price as given.