Which of the Following Statements About Bar Graphs Is False

question 14

Multiple Choice

Which of the following statements about bar graphs is false?

• A)Adjacent bars touch.
• B)It can be used with nominal scores.
• C)It can be used with ordinal scores.
• D)It has a vertical bar centered over each X score.

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Definitions:

Economic Profit

The net gain of a company after deducting both its explicit and implicit expenditures from its aggregate revenue.

Monopolistic Competitor

a firm that operates in a market with many competitors, each offering a product that is similar but not identical.

Minimum ATC

The lowest point on the Average Total Cost curve, indicating the most efficient scale of production for minimizing costs.

Monopolistic Competitors

Firms operating in a market structure characterized by a high number of sellers offering differentiated products.