Which of the Following Was a Watershed Event in the Use

question 15

Multiple Choice

Which of the following was a watershed event in the use of new technology in politics?

• A) passage of the Affordable Health Care Act in 2010
• B) Bill Clinton's 1996 campaign
• C) John McCain's 2008 presidential bid
• D) passage of the McCain-Feingold campaign finance reform in 2002
• E) Barack Obama's 2008 presidential bid

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Definitions:

Marginal Cost

The financial outlay required to produce an additional unit of a product or service.

Fixed Cost

Expenses that do not change with the amount of goods or services produced, such as rent, salaries, and insurance premiums.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market.

Industry Price

The general cost at which goods or services are sold within a particular industry, influenced by supply, demand, and competition.