Even If a Market Is Not Competitive,the Firms in the Market

question 83

Multiple Choice

Even if a market is not competitive,the firms in the market may behave competitively if

• A)Potential competition exists.
• B)There are economies of scale.
• C)A natural monopoly exists.
• D)The market is regulated.

Understand the concept of reliability in research measurement and its types.

Recognize the difference between reliability and accuracy.

Understand the concept of validity, including face validity, expert validity, and construct validity.

Distinguish between the various scales of measurement (NOIR) and their significance.

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Definitions:

Smooth Muscle

Type of muscle tissue found in the walls of internal organs and blood vessels, involuntary in action.

Cardiac Muscle

A type of involuntary, striated muscle found exclusively in the heart, essential for pumping blood throughout the body.

Flexion

Bending.

Extension

The movement increasing the angle between body parts, opposite to flexion.