Based on the Desired Accuracy and Reliability of the Research

question 17

Multiple Choice

Based on the desired accuracy and reliability of the research results,we can determine a desired sample size by a formula.The desired sample size is adjusted (and we then speak of an adjusted n) when:

• A)The sample size is greater than 1000 persons.
• B)The sample size is greater than 50 percent of the population.
• C)The sample size is greater than 1 percent of the population.
• D)None of the above answers is correct.

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Definitions:

Oligopolization

describes the process whereby a market becomes dominated by a few large companies, reducing competition.

Cutthroat Competition

An extremely aggressive competition where companies use strategies to undercut their rivals' prices.

Cartel

A coalition of producers or vendors aimed at keeping prices elevated by limiting competitive practices.

Concentration Ratio

Concentration ratio is a measure of the total output produced in an industry by a given number of firms, indicating the level of market competition.