Which Is the Most Accurate Statement

question 106

Multiple Choice

Which is the most accurate statement?

• A)All monopolists are very large companies.
• B)IBM is an example of a monopoly.
• C)In order to maintain monopolies,there must be barriers to market entry.
• D)Nearly all monopolies are very profitable.
• E)Public utilities are examples of natural monopolies.

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Definitions:

Jean Piaget

A psychologist from Switzerland renowned for his groundbreaking contributions to the study of child development, especially his cognitive development theory.

Paul Ekman

A psychologist renowned for his research on the classification of human emotions and their expression through facial expressions.

Median

The middle value in a data set, which divides the set into two equal halves.

Mode

describes the value that appears most frequently in a data set.