During an Election,a Candidate Who Is Not Doing as Well

question 89

Multiple Choice

During an election,a candidate who is not doing as well in the polls as his or her opponent will

• A) modify his or her position so that it is more like that of his or her opponent.
• B) modify his or her position so that it is less like that of his or her opponent.
• C) become more specific in discussing the issues.
• D) label his or her opponent as a middle-of-the-roader.

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Definitions:

Purely Competitive Producer

A firm that is one of many in a market producing identical products, where it has no power to set prices due to market forces.

Produce At A Loss

Operating a business or producing goods in such a way that the costs exceed the revenue, resulting in financial losses.

Short-Run Supply Curve

A supply curve that shows the quantity of a product a firm in a purely competitive industry will offer to sell at various prices in the short run; the portion of the firm’s short-run marginal cost curve that lies above its average-variable-cost curve.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the number of units produced.