Assume That You Support the School Choice Movement

question 68

Multiple Choice

Assume that you support the school choice movement.What are you likely to say is the reason that U.S.public schools perform poorly?

• A)Schools have no competition.
• B)Some schools lack adequate funding.
• C)The nation has a high poverty rate.
• D)Too many parents are not involved in the schools.

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Definitions:

Herfindahl Index

A measure of market concentration, calculating the sum of the squares of market shares of each firm within an industry.

Short-Run Equilibrium

A state in which market supply equals demand, determining the price and quantity sold, specifically within a short timeframe.

Profit-Maximizing

This refers to the process businesses use to determine the output level at which profits are at their highest.

Marginal Revenue Curve

A graph that displays how additional revenue is affected by the sale of one more unit of a product or service.