Find the Median for the Given Sample Data

question 91

Multiple Choice

Find the median for the given sample data.
-2, 7, 15, 23, 35, 37, 48

• A)24
• B)15
• C)23
• D)35

---

Definitions:

Monopolistic Competitor

A firm operating in a market structure where many companies sell products that are similar but not identical, leading to competition based on product differentiation rather than price.

Elastic Demand Curve

A representation of demand that shows a high sensitivity to changes in price, meaning quantity demanded significantly changes with small changes in price.

Price Discrimination

A strategy in pricing where the same provider sells identical or almost identical products or services for different prices across various markets or segments.

Same Good

A same good refers to an identical product or item that is available across different sellers or markets, maintaining the same characteristics and quality.