Science Has Limitations, Including All of the Following, Except

question 54

Multiple Choice

Science has limitations, including all of the following, except

• A)science can always prove or disprove anything
• B)scientists are not totally free of bias
• C)testing can involve a huge number of variables
• D)some situations require the use of statistical tools
• E)science is limited to the natural world

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Definitions:

Perfect Competition

Perfect competition describes a market structure where many firms sell identical products, no single buyer or seller can influence the market price, and there is free entry and exit of firms.

Firm Profits

The financial gains a company makes after deducting all its expenses.

Marginal Cost Curve

A graph that shows the change in the cost of producing one more unit of a good.

Profit-Maximizing

The process or strategy of adjusting production and sale to achieve the highest possible profit.