Whether the University Is Private,or Public Is an Example of a Nominal

question 12

True/False

Whether the university is private,or public is an example of a nominal scaled variable.

---

Definitions:

Single Seller

A market structure where there is only one provider of a product or service.

Collusively Agreed

An arrangement or agreement among competing entities to limit competition, usually regarding pricing or market sharing.

Total Revenue

The complete revenue a company accrues from its sales activities or service offerings throughout a designated period.

Total Cost

The sum of fixed and variable costs incurred in the production of goods or services.