Which of the Following Is Most Likely to Contribute to the Presence

question 41

Multiple Choice

Which of the following is most likely to contribute to the presence of monopoly in an industry?

• A) economies of scale
• B) an elastic market demand for the product produced by the industry
• C) inefficiency due to bureaucratic decision-making procedures in the industry
• D) controlling over 50 percent of the market

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Definitions:

Bimodal

A distribution with two different modes (peaks) where the data shows two prevalent values.

Skewed

A distribution that is not symmetrical, where the bulk of values are concentrated to one side of the mean.

Innings

A division or segment of a game in sports like cricket and baseball, where one team takes turns batting and the other fields.

Histogram

A graphical representation of the distribution of numerical data, using bars to show the frequency of data in successive numerical intervals of equal size.