Which Statement Is False

question 41

Multiple Choice

Which statement is false?

• A)All oligopolies have only a few firms.
• B)Most firms in the United States are oligopolies.
• C)Administered prices are most likely to occur under oligopoly.
• D)In all market structures,price is always read off the demand curve.

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Definitions:

P-value

A measure in statistical hypothesis testing representing the probability of obtaining test results at least as extreme as the ones observed during the test, assuming the null hypothesis is true.

Proportion

A part, share, or number considered in comparative relation to a whole.

Census Data

Detailed information gathered about a population, typically including demographics, employment status, and housing conditions, collected during a census.

Jury Duty

A civic responsibility where citizens are required to serve on a jury during a legal proceeding.