The Development of a Hypothesis Occurs in Which of the Following

question 124

Multiple Choice

The development of a hypothesis occurs in which of the following steps of a scientific method?

• A)Formulating an explanation
• B)Identifying questions of interest
• C)Communicating the findings
• D)Carrying out research designed to support or refute the explanation

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Definitions:

Competitive

Relating to or characterized by rivalry among sellers in a market, aiming to increase sales, market share, and customer loyalty by offering better terms.

Maximum

The highest or greatest possible amount or degree of something.

Long-Run Equilibrium

A state in which all factors of production and inputs in a market are fully adjusted to any economic changes, showing no tendency for further adjustment.

Competitive Price-Searcher Market

A market in which the firms have a downward-sloping demand curve, and entry into and exit from the market are relatively easy.