Choose the One Alternative That Best Completes the Statement or Answers

question 23

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
Solve the problem.
-A quiz consists of 5 multiple-choice questions, each with five possible responses, and 5 true/false questions. In how many ways can a student answer the questions on the test?

• A) 3,150
• B) 100,000
• C) 78,125
• D) 3,157

---

Definitions:

Pure Competition

A market structure characterized by a large number of sellers and buyers, homogeneous products, and the ease of entering and exiting the market.

Product Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Monopolistically Competitive

A market structure characterized by many sellers offering differentiated products, allowing for some degree of market power.

Costs and Benefits

Refers to the analysis or evaluation of the negative and positive effects or outcomes of a decision, action, or policy.