Unlike Interest Groups,political Parties:​

question 31

Multiple Choice

Unlike interest groups,political parties:​ 

• A) are often policy specialists. 
• B) are tightly organized. 
• C) are policy generalists.​ 
• D) do not compete for public office.​ 
• E) have only a handful of key policies to promote.​

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Definitions:

Total Cost

The aggregate cost of all inputs used in the production of goods or services, including fixed and variable costs.

Purely Competitive Seller

A seller in a market where there are many sellers and buyers, the product is standardized, and no single seller can influence the market price.

Shut Down

A temporary closure of a business or operation.

Marginal Cost

The expenditure required to produce one more unit of a product or service.