A Pivot Table Is a

question 7

Multiple Choice

A pivot table is a

• A) spreadsheet tool that displays two or more dimensions of data in a convenient format.
• B) type of relational database.
• C) chart tool that can rotate columnar data quickly and visually.
• D) tool for performing sensitivity analysis.

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Definitions:

Pure Monopolist

A sole provider of a unique product or service with no close substitutes, giving it the ability to control market prices.

Natural Monopoly

A condition in which a single firm can produce the entire output of a market at a lower cost than what it would be if there were multiple firms.

Socially Optimal Pricing

Pricing strategies aimed at maximizing societal welfare rather than corporate profits, emphasizing fairness and accessibility.