Adolescent Membership in Particular Cliques and Crowds Is Often Determined

question 32

Multiple Choice

Adolescent membership in particular cliques and crowds is often determined by

• A)how geographically close the adolescents reside to one another.
• B)the gender of the adolescents.
• C)the degree of similarity with members of the group.
• D)socioeconomic group.

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Definitions:

Long-Run Equilibrium

A situation in which, after all adjustments have been made, all firms in a perfectly competitive market earn zero economic profit and no firm has an incentive to change its output.

Market Price

The existing rate at which a product or service may be purchased or sold within a market environment.

Competitive Market

A market structure where many firms offer products or services that are similar, leading to high levels of competition.

Perfectly Competitive

A market structure characterized by a large number of small firms, homogenous products, and free entry and exit, leading to optimal distribution of resources.