Which of the Following Is a Measure of Central Tendency

question 105

Multiple Choice

Which of the following is a measure of central tendency from this study?

• A)The satisfaction rating for large groups is 4.6.
• B)The difference in decision time between small groups and large groups is 10.4 minutes.
• C)There was a total of 340 participants in the study.
• D)The range of potential satisfaction scores is from 1 to 10.

---

Definitions:

Monopolistic Markets

Markets dominated by a single seller, with no close substitutes for the product or service, leading to less competition and higher prices.

Oligopolistic Markets

Markets characterized by a few large producers that have the ability to influence prices, but must consider the actions of their rivals.

Minimum Efficient Scale

The lowest level of output at which a firm can minimize long-run average total cost.

U.S. Agriculture

The sector of the United States economy that deals with the production of plants and animals for food, fiber, and other products.