Explain the Concept of "Lobbying

question 7

Essay

Explain the concept of "lobbying." How do interest groups use lobbying as a technique? What important functions does lobbying serve for government and our democratic system?

---

Definitions:

Simultaneous Consumption

A characteristic of services that indicates they are consumed at the same time as they are produced.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the scale of production and the quantity of output increase.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different consumers, based on market segments, capacity to pay, or purchasing contexts.

Monopoly Power

The ability of a monopolist to significantly control market price or exclude competition in a particular market.