A Platykurtic Distribution Is One That Is _____ Than a Normal

question 17

Multiple Choice

A platykurtic distribution is one that is _____ than a normal distribution.

• A) more jagged
• B) B. flatter
• C) more peaked
• D) smoother

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Definitions:

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.

Market Prices

The current price at which a good or service can be bought or sold in a market.

Efficient Level

The efficient level refers to a state of resource allocation where it is impossible to improve the situation of one party without worsening the situation of another, often associated with maximizing output without wasting resources.

Output

The total amount of goods or services produced by a firm or country.