Explain Why Political Candidates-Even Those from Different Parties-Seem to Have

question 171

Essay

Explain why political candidates-even those from different parties-seem to have very similar viewpoints on important political issues like Medicare, Social Security, and education spending.

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to perfect competition.

Pure Monopoly

A market structure where a single company or entity is the sole provider of a particular product or service, without any close substitutes.

Oligopoly

A marketplace framework with limited firms having major control over price levels and competitive activities.

Antitrust Violations

Actions that contravene laws designed to prevent anti-competitive practices and promote fair competition in the market.