The Local Tupperware Dealers Earned These Commissions Last Month What Was the Mean Commission Earned? Round Your Answer to

question 109

Multiple Choice

The local Tupperware dealers earned these commissions last month: $$\begin{array} { l l l l l } \$ 2894.21 & \$ 1777.15 & \$ 2144.77 & \$ 4096.37 & \$ 4046.29 \\\$ 1786.37 & \$ 3296.69 & \$ 4086.27 & \$ 2784.22 & \$ 4027.79\end{array}$$ What was the mean commission earned? Round your answer to the nearest cent.

• A) $3088.01
• B) $3094.01
• C) $3867.52
• D) $3437.79

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Definitions:

Unique Product

A product that has distinct features or attributes making it different from others in the market.

Blocked Entry

A situation where new firms are unable to enter an industry due to high barriers to entry, such as high start-up costs or stringent regulations.

Oligopolistic Industry

A market structure characterized by a small number of large firms dominating the industry, with significant barriers to entry for new competitors.

Retail Grocery

A business sector focused on selling food and other household items directly to consumers.