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Use the Following Three Statements to Answer This Question

question 101

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Use the following three statements to answer this question:


Definitions:

Dollar Voting

Dollar voting is the concept where consumers influence market trends and production decisions through the choices they make with their spending.

Competitive Markets

Markets characterized by many buyers and sellers where no single participant has significant influence over market prices.

Median-Voter Model

A theoretical model in political science suggesting that the outcome of a majority-vote election is most likely to represent the preferences of the median voter.

Political Office Seeker

An individual who campaigns for or aspires to hold a position in government.

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