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Describe how collective action theory and relative deprivation theory each explain the fact that it is not usually the most disadvantaged groups in society that engage in social movements.
Costs
The value of resources consumed in the production of goods and services, including both fixed and variable expenses.
Differentiated Product
A product that is distinct in some way from others in the same category, allowing the seller to compete on factors other than price.
Monopolistic Competition
A market structure characterized by many firms selling products that are similar but not identical, allowing for competition based on quality, price, and marketing.
Industry
A group of companies or organizations that produce similar goods or services.
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