The Principle of Minimum Differentiation Reflects the

question 2

Multiple Choice

The principle of minimum differentiation reflects the

• A) tendency for firms to produce at minimum marginal cost in order to compete with one another.
• B) tendency for political parties to make themselves identical to appeal to the median voter.
• C) concept of minimizing the difference between total benefit and total cost to produce efficiently.
• D) attempt to minimize the free-rider problem.

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Definitions:

Fixation

In psychology, a persistent focus or attachment to an object, concept, or stage of development, considered as a potential cause of psychological issues.

Oral Stage

The oral stage is the first stage in Freud's psychosexual development theory, where the mouth is the primary source of pleasure and conflict.

Anal Stage

The second stage in Freud's psychosexual development theory, occurring from age 18 months to 3 years, where the focus of pleasure is on controlling bladder and bowel movements.

Phallic Stage

A stage in Freud's psychosexual development theory occurring between ages three and six, where the child's libido is focused on the genital area, leading to identification with the same-sex parent.