In Most Tribal Societies, Rules of Descent, Marriage, and Residence

question 11

Multiple Choice

In most tribal societies, rules of descent, marriage, and residence are:

• A) flexible and often subject to lengthy discussion and negotiations
• B) strictly enforced and rarely changed
• C) known only to village elders, who are consulted whenever a decision must be made
• D) unconscious, and therefore defined mostly by outsiders (such as ethnographers)

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Definitions:

Price Discrimination

A pricing strategy where a company sells the same product to different customers at different prices based on market factors, demand elasticity, or customer characteristics.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as output quantity changes.

Price Effect

The change in the quantity demanded of a good or service caused by a change in its price.

Deadweight Loss

The loss of economic efficiency that occurs when the equitable market outcome is not achieved, often due to taxes, subsidies, or artificially imposed prices like price ceilings or floors.