Which One of the Following Is a Characteristic of Mass

question 38

Multiple Choice

Which one of the following is a characteristic of mass associations?

• A) Members are individuals who often pay dues.
• B) Members always have a direct say in selecting group leadership.
• C) A membership of 40 million is required to qualify.
• D) Only liberals are allowed to join.

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Definitions:

AVC

Average Variable Cost, which is the total variable costs of production divided by the quantity of output.

Short Run

A period in which at least one of a firm's inputs is fixed and cannot be varied.

Variable Costs

Expenses that directly fluctuate in accordance with the amount of production or output.

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit.