In the 1800s, Railroads Broke Up the Monopoly Position of Wagons

question 42

Multiple Choice

In the 1800s, railroads broke up the monopoly position of wagons, ships, and barges as the major means of transporting goods. This would be an example of

• A)the fast-second strategy.
• B)the inverted-U theory.
• C)creative destruction.
• D)venture capital.

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Definitions:

Measure of Dispersion

A statistical parameter that describes the spread or variability of a distribution around its central measure (such as mean or median).

Minimum

The lowest value in a data set.

Maximum

The highest or greatest amount, value, or level that can be achieved or recorded.

Anomalous Data

Data that appear suspicious or are not anticipated by a researcher.