The Defining Characteristic of a Splinter Party Is

question 48

Multiple Choice

The defining characteristic of a splinter party is

• A) its small size.
• B) that it attracts new citizens who previously had rarely voted.
• C) that it breaks away from an existing party.
• D) that it forms in response to a crisis.
• E) that it forms around a single idea or candidate.

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Definitions:

Marginal Revenue

The additional revenue a firm receives from selling one more unit of a good or service.

Pure Monopolist

A single seller in a market with no close substitutes for its product, setting the market price and output level.

Seventh Unit

A term that could refer to the incremental unit in a sequence, often used in contexts where items are categorized or measured in units.

Nondiscriminating Monopolist

A monopolist that charges the same price to all consumers for its product, instead of setting different prices for different customers.