Compare and Contrast a Multiparty System,a Simplified System,and a Plurality

question 43

Essay

Compare and contrast a multiparty system,a simplified system,and a plurality system.In the United States,the Democratic and Republican parties are the two leading parties,thus creating a two-party system.Which electoral system tends to favor a two-party system more?

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Definitions:

Efficiency

The measure of how well resources are used and allocated to achieve a specific outcome with minimal waste.

Patent

A legal right granted to an inventor or assignee, giving them exclusive rights to manufacture, use, or sell an invention for a certain number of years.

X-inefficiency

This occurs when a firm does not produce output at the lowest possible cost due to inefficiencies within the organization.

Monopoly

A market structure dominated by a single seller, who has exclusive control over a product or service's price and supply.