Dot Plots May Not Reveal the Shape of a Distribution

question 85

True/False

Dot plots may not reveal the shape of a distribution when the sample is small.

Predict the impact of changes in demand and supply on market prices and the quantity produced.

Understand the conditions under which firms in a competitive market earn zero economic profit in the long run.

Identify the impact of factor prices on the market supply curve in the long term.

Understand the concept of a constant cost industry and its characteristics.