A _____ Variable Can Theoretically Include an Infinite Number of Values

question 78

Multiple Choice

A _____ variable can theoretically include an infinite number of values between any two points.

• A)nominal
• B)discrete
• C)continuous
• D)none of these

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Definitions:

Monopolistically Competitive

In a monopolistically competitive market, many firms sell products that are similar but not identical, allowing for some degree of market power and price setting.

Highly Concentrated

Refers to a situation or market in which a few entities or businesses hold a large majority of market share or influence.

Market's Domination

A condition in which one or more firms hold a significant share of the total market sales, limiting competition and possibly leading to higher prices or lower quality for consumers.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.