-The Above Table Shows Data on Two Variables

question 56

Multiple Choice

-The above table shows data on two variables. If these data were graphed, the slope of the line would be

• A) 1/2.
• B) 4/3.
• C) 2/3.
• D) 3/4.

---

Definitions:

Oligopoly

A market structure characterized by a small number of firms controlling a large majority of the market share, often leading to limited competition.

Monopolistic Competitive

A market structure characterized by many firms selling products that are substitutes but differentiated from one another, leading to non-price competition.

Short Run

A period in economics during which at least one input, such as plant size, is fixed and cannot be changed by a firm.

Long Run

In economics, a period during which all factors of production and costs are variable, and firms can enter or exit the market.