What Is a Plurality System

question 7

Multiple Choice

What is a plurality system?

• A) Whoever gets the most votes wins.
• B) Candidates must get more than 50 percent of votes cast to win.
• C) Votes are allocated to candidates on a proportional basis.
• D) Only parties receiving more than 5 percent of the vote are allocated seats.
• E) A party must have competed in a previous election to be placed on the ballot.

---

Definitions:

MC

This stands for Marginal Cost, which is the cost of producing one additional unit of a product.

Maximizing Profits

The process of adjusting production and operational strategies to achieve the highest possible profit from business activities.

Shut-down Decision

The choice made by a firm about temporarily or permanently ceasing operations, often because operating costs exceed revenues at the current market price.

Short-run

A timeframe in economics during which at least one factor of production is fixed and cannot be changed.