Industrial Concentration

question 35

Multiple Choice

Industrial concentration:

• A)guarantees the continual introduction of technological innovation
• B)promotes competition
• C)sometimes limits innovation due to lack of competition
• D)creates benefits to the consumer unmatched by other market structures
• E)is uncommon in the Canadian economy

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Definitions:

Relative Class Frequency

The fraction or percentage of data points that belong to a specific category or class in relation to the total dataset.

Relative Frequencies

The proportion of times a particular value occurs in a dataset relative to the total number of occurrences.

Bar Charts

Graphical representations of data using bars of different heights or lengths to illustrate comparisons among categories.

Stem And Leaf Plots

A graphical method used in descriptive statistics for organizing and displaying quantitative data to show its shape and distribution.