If DrPatry Has Tested a Hypothesis and the Findings Have Failed

question 148

Multiple Choice

If Dr.Patry has tested a hypothesis and the findings have failed to support the hypothesis,what influence will this have on Dr.Patry's theory

• A) It will support the theory because hypotheses attempt to disprove theories. 
• B) It will have little effect on the theory because hypotheses are merely predictions based on the theory. 
• C) It will require that the theory be reconsidered because hypotheses allow the theory to be tested. 
• D) It will cause the theory to be rejected because the hypothesis, and therefore the theory, is unsupported.

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Definitions:

Monopolistic Competitor

A market structure where many firms sell products that are similar but not identical, allowing them some power to set prices due to product differentiation.

Advertising

The activity or profession of producing advertisements for commercial products or services.

Perfect Competitors

Firms that are so numerous and small in relation to the market they serve that they have no power to alter the market price of their product, characterized by a lack of market dominance.

Economic Profit

Profit exceeding the opportunity cost of resources used, indicating a return greater than the most lucrative alternative.