A soap manufacturer is experimenting with several formulas of soap powder. Three of the formulas were selected for further testing by a panel of homemakers. The ratings for the three formulas are as follows: 
If H is less than the critical value, what is our decision rule?
Definitions:
Purely Competitive
A market structure characterized by many buyers and sellers, where each participant is a price-taker, with goods being homogeneous.
Price-Output Decisions
Determinations made by companies regarding the price levels and quantity of goods or services to produce, based on factors like cost, demand, and competition.
Oligopoly
A market structure characterized by a small number of firms dominating the market, leading to limited competition.
Pure Monopoly
A market structure where a single firm controls the entire market supply of a product or service, with no close substitutes available, enabling price setting power.
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