The Principle of Minimum Differentiation Reflects the

question 2

Multiple Choice

The principle of minimum differentiation reflects the

• A) tendency for firms to produce at minimum marginal cost in order to compete with one another.
• B) tendency for political parties to make themselves identical to appeal to the median voter.
• C) concept of minimizing the difference between total benefit and total cost to produce efficiently.
• D) attempt to minimize the free-rider problem.

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Definitions:

Reproduce Rapidly

The ability of organisms to produce a high number of offspring in a short amount of time, often leading to quick population growth.

Horizontal Gene Transfer

The movement of genetic material between unicellular and/or multicellular organisms through mechanisms other than traditional reproduction.

Recombination

The process by which pieces of DNA are broken and recombined to produce new combinations of alleles.

Genetic Variation

The diversity in gene frequencies within a population, which is the basis for adaptation and evolution.