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A student performs an experiment to determine the density of a sugar solution. She obtains the following results: 1.11 g mL-1, 1.81 g mL-1, 1.95 g mL-1, 1.75 g mL-1. If the actual value for the density of the sugar solution is 1.75 g mL-1, which statement below best describes her results?
Oligopoly
A market structure characterized by a small number of firms controlling a large majority of the market share, influencing prices and competition.
Monopolistic Competition
A market structure where many firms sell products that are similar but not identical.
Pure Monopoly
A market structure where a single firm is the sole provider of a product or service, facing no competition.
Demand Factors
Elements that influence the level of demand for a product or service, such as price, consumer preferences, income levels, and market trends.
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