The ____ Function Is Useful When You Want to Add

question 22

Multiple Choice

The ____ function is useful when you want to add values in a range only if they meet criteria.

• A) DCOUNT
• B) MATCH
• C) INDEX
• D) SUMIF

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Definitions:

Excess Profits

Profits that exceed the normal expected return on investment, often occurring in industries with little to no competition.

Perfectly Competitive Industry

An industry structure where many firms sell identical products, entry and exit are easy, and no single seller controls the market price.

Market Price

The price at which a good or service can be bought or sold in a marketplace, determined by supply and demand.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information.