Real-World Ideologies Are Concerned Not Only with Economic Issues,such as Taxation,but

question 58

Multiple Choice

Real-world ideologies are concerned not only with economic issues,such as taxation,but also with other so-called social issues.For this reason,what is the most accurate classification for the dimension of difference in politics?

• A) the left-centre-right spectrum
• B) unidimensional scaling
• C) unidimensional continuum
• D) multidimensional scaling

Recognize the application of the Prisoners' Dilemma in describing oligopolistic market outcomes.

Identify different market structures, including the dominant firm model and the kinked demand curve model.

Calculate profit maximizing price and output levels under various cost and demand scenarios.

Analyze the assumptions and implications of the kinked demand curve model.