The Major Difference Between a Frequency Histogram and a Bar

question 100

Multiple Choice

The major difference between a frequency histogram and a bar graph is that,in a bar graph,the bars are drawn such that they:

• A)represent quantitative variables
• B)represent continuous variables
• C)do not touch one another
• D)do touch one another

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Definitions:

Monopoly Market

A market structure characterized by a single seller offering a unique product or service with no close substitutes.

Herfindahl-Hirschman Index

An indicator used to assess the degree of market concentration and establish the intensity of industry competition.

Oligopolist

A market participant in an oligopoly, a market structure dominated by a small number of large firms, influencing pricing and competition.

Cartel

An association of independent businesses organized to control production, pricing, and marketing of goods to limit competition.