Use the following to answer question:
Figure 7.11 
-(Figure 7.11) The short-run total cost curve is represented by the letters _____, and the long-run total cost curve is represented by the letters _____.
Definitions:
Power Concentration
The scenario in which a disproportionate amount of power or authority is held by a small number of individuals or organizations.
Elite Theory
Holds that small groups occupying the command posts of America’s most influential institutions make the important decisions that profoundly affect all members of society. Moreover, they do so without much regard for elections or public opinion.
High-Status Groups
High-status groups refer to social groups that are considered superior within a society due to certain attributes like wealth, power, or prestige.
Democratic Politics
A political system in which power is practiced directly by the people or through elected representatives, characterized by free and fair elections, rule of law, and protection of rights.
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