Polygamy Is

question 9

Multiple Choice

Polygamy is

• A) practiced worldwide.
• B) most common in societies where women have little access to education.
• C) most common in societies where women have little political power.
• D) all of these.

---

Definitions:

Short Run

A period in economics where at least one factor of production is fixed, leading to limited adjustments in production or operation.

Long Run

An economic phase where every production factor and cost can adjust completely to alterations, due to their variable nature.

Most Efficient Output

The level of production at which a firm or economy can produce goods at the lowest average cost, maximizing efficiency.

Profit-Maximizing

The process by which a company determines the price and output level that returns the highest profit.