______ Are Political Groups That Represent the Interests of Citizens

question 5

Multiple Choice

______ are political groups that represent the interests of citizens in the aggregate and run for office.

• A) Factions
• B) Interest groups
• C) Political parties
• D) Social movements

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Definitions:

Average Variable Cost

The cost per unit of production that varies with the level of output, calculated by dividing the total variable costs by the number of units produced.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production inputs.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.