Use the Graph to Answer the Question

question 51

Essay

Use the graph to answer the question.
-The bar graph below shows the relative frequencies of the different blood types. Write a
sentence describing what is revealed by the graph.

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Definitions:

Price Leader

A company or product that has a large enough market share to influence the price levels of its products or services in the industry.

Entry of New Firms

The process by which new companies enter an industry, often leading to increased competition and impacts on market prices and incumbent firms.

Oligopolistic Firms

Companies that operate in a market structure characterized by a small number of dominant firms, often leading to limited competition.

Price Cuts

Reductions in the selling price of goods or services, often used as a strategy to increase demand or compete more effectively.