Which of the Following Graphs Is "Closed" with the Abscissa

question 73

Multiple Choice

Which of the following graphs is "closed" with the abscissa?

• A)line plot
• B)frequency polygon
• C)histogram
• D)polygon

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Definitions:

Price Setters

Firms or entities that have the ability to influence or set the price of goods and services in a market due to lack of competition or market dominance.

Perfectly Competitive Firms

Companies operating in a perfectly competitive market, where they sell identical products and cannot influence market price, leading to them being price takers.

Production Decision

The process of deciding on the quantity of goods or services to produce, based on various economic factors.

Short-run

A period in which at least one factor of production is fixed, limiting the ability to adjust to changes in market conditions.