Characteristics of Sparta Included

question 2

Multiple Choice

Characteristics of Sparta included

• A)openness to outside influences.
• B)uncompromising pacifism.
• C)austerity, militarism, and mixed government.
• D)a devotion to scholarly pursuits.
• E)vibrant trade with the other Greek city-states.

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Definitions:

Marginal Cost

The advancement in overall fees incurred by producing an extra unit of a good or service.

Market Demand Curve

A graphical representation that shows the quantity of goods that consumers in a market are willing to buy at different prices.

Herfindahl-Hirschman Index (HHI)

A measure of market concentration that is calculated by squaring the market share of each firm competing in a market and then summing the squares.

Unconcentrated

Refers to a market or industry where no single entity has a large market share, leading to a high level of competition.