In a Survey of 29 Instructors, It Was Found That

question 11

Multiple Choice

In a survey of 29 instructors, it was found that 22 liked whiteboards, 11 liked blackboards, and 7
Liked both. How many instructors did not like whiteboards?

• A)14
• B)7
• C)3
• D)4

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Definitions:

Monopolization

The process or state where a single company or entity gains exclusive control over a particular market or industry.

Natural Monopolies

A market dominated by a single seller because of high entry barriers or because the service or product is most efficiently supplied by a single provider.

Government Takeover

An acquisition where a government assumes control over a company or industry, often to stabilize the sector or protect national interests.

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogeneous products, and no barriers to entry or exit.