Which of the Following Statements About Pie Charts Is False

question 7

Multiple Choice

Which of the following statements about pie charts is false?

• A)Pie charts can only be used for nominal data.
• B)Pie charts are usually used to display the relative sizes of categories for qualitative data.
• C)Pie charts always have the shape of a circle.
• D)The area of each slice of a pie chart is proportional to the relative frequency of the corresponding category.

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Definitions:

Competitive Price-searcher

A market structure where firms have some control over their selling price because their products are differentiated, but they still face competition.

Entry Barriers

Obstacles that make it difficult for new competitors to enter a market, which can include high startup costs, regulation, or patent protections.

Competitive Price-searcher

A market condition where firms have some control over their pricing due to differentiated products, leading to a search for competitive prices.

Low Barriers

Conditions that make it easy for new firms to enter an industry, often leading to increased competition.