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The sales manager recently collected a dataset containing the number of days that it took each employees to make his/her first sale after being hired. This dataset appears below. Use it to respond to Questions . For all problems, show work.
-Calculate the median of this sample.
Collusive Oligopoly
A market condition where a few companies or entities cooperate to restrict competition and control prices for their mutual benefit.
Price Leadership
A situation in which one company, the price leader, sets the price of goods or services within its market and other companies in the sector follow suit.
Sticky Prices
A situation where prices of goods and services are slow to change in response to changes in supply and demand or economic conditions.
Oligopoly Markets
Market structures characterized by a small number of large firms that dominate the market, leading to a high concentration of market power.
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