The Psychology Test Scores for Five Students Are 100,82,96,75,and 90

question 120

Multiple Choice

The psychology test scores for five students are 100,82,96,75,and 90.For this distribution of scores,the range is

• A) 6.
• B) 14.
• C) 25.
• D) 36.

---

Definitions:

Purely Competitive

A market scenario where all participants sell indistinguishable goods, ensuring no one seller can influence prices, creating an ideal competition.

Market Supply Curve

A graphical representation showing the relationship between the price of a good and the total output of the good all producers are willing to supply.

Remaining Firms

Businesses that continue to operate in a market after others have exited, often due to competitive advantages or niches.

Invisible Hand

A metaphor introduced by Adam Smith to describe how individual self-interest in a free-market economy leads to economic well-being and efficiency as if by an invisible hand guiding them.