A common belief among political analysts is that someone running for his or her party's nomination for president of the United States must choose a different strategy once the nomination is secured.
To be nominated, the candidate must appeal to voters from one partyDemocrat or Republicanbut in a general election a party's nominee must appeal to voters from both parties as well as independent voters. Which of the following offers the best explanation for this change in strategy?
A) rent seeking B) the median voter theorem
C) the Arrow impossibility theorem D) the voting paradox
Question 2
Which of the following undermines a firm's ability to engage in price discrimination?
A) the seller's ability to segment the total market
B) the inability to prevent resale of the product from one market segment to another
C) the seller's market power
D) buyers having different elasticities of demand for the product
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