In a Recent Survey Of $100$ Women, the Following Information Was Gathered

question 119

Short Answer

In a recent survey of $100$ women, the following information was gathered: $59$ use shampoo A. $51$ use shampoo B. $35$ use shampoo C. $24$ use shampoos A and B. $19$ use shampoos A and C. $14$ use shampoos B and C. $11$ use all three. How many are using shampoo B only (Region II)? A = {women who use shampoo A } B = {women who use shampoo B } C = {women who use shampoo C } Use the figure (with Regions I to VIII) to answer the question. __________ women

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Definitions:

Short-Run Adjustments

Refers to the changes firms make in response to changing market conditions in the short term when at least one production factor is fixed.

Oligopolists

Firms that are part of an oligopoly, a market structure with a small number of firms dominating the market, leading to limited competition.

Inverted-U Theory

A theoretical concept suggesting that a variable's effect on a particular outcome increases to a point but then begins to decrease as the variable continues to increase.

Market Structures

The organizational and other characteristics of a market that significantly affect the nature of competition and pricing within that market.