The American System for Electing Members of Congress Is Often

question 33

Multiple Choice

The American system for electing members of Congress is often referred to as "first past the post" because

• A)a candidate can win an election only if he or she wins a majority of the popular vote.
• B)a candidate must win both a primary election and a general election before taking office.
• C)seats in the House of Representatives and Senate are allocated to political parties based on their share of the total vote cast in the election.
• D)the candidate with the most votes wins, even if he or she did not win a majority of the popular vote.

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Definitions:

Four-Firm Concentration Ratio

An economic metric that assesses the market power of the four largest firms in an industry, expressed as a percentage of total market sales.

Pure Competition

A market structure characterized by a large number of small firms selling identical products, with no single seller having a significant influence on market price.

Oligopoly

A market structure characterized by a small number of large firms dominating the market, leading to limited competition.

Mutually Cancelling Advertising

Mutually cancelling advertising refers to a situation where the competitive advertising efforts of firms negate each other's impact, leading to no significant change in market share.