Find the Mode (If Any) of the List of Data

question 22

Multiple Choice

Find the mode (if any) of the list of data.
16, 16, 18, 18, 16, 17, 18, 16

• A) 16
• B) 17
• C) 16.5
• D) 18
• E) 15

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Definitions:

Conglomerate Merger

The merger of two firms operating in separate industries or separate geographic areas so that neither firm is a supplier, customer, or competitor of the other; any merger that is neither a horizontal merger nor a vertical merger.

Price-Fixing

An illegal agreement among competitors to maintain prices at a certain level, preventing competition.

Antitrust Laws

Laws designed to promote competition and prevent monopolies, thereby protecting consumers from unfair business practices and ensuring a variety of goods and services in the market.

Sherman Act

A foundational antitrust law in the United States that outlaws monopolistic practices and promotes competitive markets.