The Data Below Show the GDP Per Capita in Dollars

question 27

Multiple Choice

The data below show the GDP per capita in dollars of the 28 member countries of the European Union. Create a stem-and-leaf diagram to display the data using two leading digits to form the stem.Use a "leaf unit" of 100 so that you can construct the diagram using only one-digit leaves.Retain the original order, reading first down the column, when entering the leaf values.In your diagram, the row in which "2" and "7" are the 2 leading digits should look like:

• A)27 l 0 8 6
• B)27 l 0 1 0
• C)27 l 1 2 0
• D)27 l 0 2 2
• E)27 l 0 2 4

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Definitions:

Oligopoly

A market structure characterized by a few companies having control over a significant portion of the market share, influencing prices and competition.

Purely Competitive

A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit into the market.

Oligopoly Market Structure

A market form in which a market or industry is dominated by a small number of sellers (oligopolists).

Single Firm

A business entity that is the sole provider of a good or service in a particular market, potentially exhibiting monopoly power.