When Intraparty Disputes Split Members into Different Groups, These Groups

question 48

Multiple Choice

When intraparty disputes split members into different groups, these groups are referred to as

• A) factions.
• B) teams.
• C) enemies.
• D) subparties.

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Definitions:

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a product.

Annual Fixed Cost

Expenses that do not change in proportion to the activity of a business, within the period of a year.

Socially Efficient

An economic condition where resources are allocated in a way that maximizes total social welfare.

Marginal Cost

The change in total production cost that arises when the quantity produced is incremented by one unit.