Qualitative Data and Quantitative Data Are Examples of

question 10

Multiple Choice

Qualitative data and quantitative data are examples of

• A) finding patterns in everyday life.
• B) empirical evidence.
• C) transparency.
• D) reporting provisional knowledge.

---

Definitions:

Monopolistic Industry

An industry structure characterized by a single producer or a handful of producers who control the majority of the market share, limiting competition.

Single, Unique Product

A product that is the only one of its kind and has no close substitutes in the market.

Blocked Entry

A situation in which new firms are prevented from entering a market due to high barriers to entry, such as high startup costs or strict regulations.

Oligopoly

A market structure characterized by a small number of firms controlling the majority of market share, leading to limited competition.