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.

---

Definitions:

Convergence Theory

A concept in sociology that suggests differences among societies will decrease over time due to globalization, leading to similar social, political, and technological practices.

Contagion Theory

A sociological theory that suggests ideas and emotions can spread through populations like infectious diseases.

Contagion Theory

A theory in social psychology that suggests ideas, attitudes, and behaviors spread through groups like diseases, influenced by the power of the crowd.

Convergence Theory

The idea that societies and cultures will grow more similar over time as they adopt and implement similar technologies and organizational structures.