The Great Compromise, (Or the Connecticut Compromise) of the Constitutional

question 73

Multiple Choice

The Great Compromise, (or the Connecticut Compromise) of the Constitutional Convention of 1787 in essence saved the convention and created a new federal government. This compromise created a two-chamber legislature with

• A) equal representation in both chambers from each state.
• B) representation in both chambers determined by population of the state.
• C) representation in one chamber determined by population of the state and in the other chamber by equal representation.
• D) one chamber that had effective powers and the second chamber that acted as a figurehead for nobility.
• E) each state determining the number of representatives that it will send.

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Definitions:

Total Cost

The complete cost of production which includes both fixed and variable costs.

Profit Maximizes

The process or strategy of adjusting production and sales to achieve the highest possible profit.

Same Price

Indicates a situation where an item or service is offered for sale at an identical monetary value in different contexts or locations.

Monopolist

A single seller in a market who has significant control over the price and supply of a unique product or service.