Examlex
Which of the following is a key feature of an interest group?
Business
The organized activities and operations of individuals or entities to produce and sell goods and services for profit.
Price-Taker Firms
Companies that accept the market price as given and have no influence to change the price of the goods or services they sell.
Expand
Refers to the process of growth or increase in size, volume, number, or scope.
Contract
A legally binding agreement between two or more parties that outlines obligations, rights, and conditions under which a transaction or exchange will occur.
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