Which Term Refers to Having the Support of 50 Percent

question 55

Multiple Choice

Which term refers to having the support of 50 percent plus one?

• A) majority rule
• B) plurality
• C) concurrent majority
• D) qualified majority

---

Definitions:

Price Effect

The impact on consumer behavior and market demand resulting from a change in the price of a good or service, influencing buying decisions.

Oligopolist

A firm or individual that is part of a market structure in which a few companies control the majority of market sales.

Collude

When two or more firms work together to control a market, set prices, or limit production, often in ways that defy competitive principles or regulations.

Competitive Market

A market with many buyers and sellers trading identical products so that each buyer and seller is a price taker.