The ______________ Is the Easiest to Use and Can Be

question 11

Multiple Choice

The ______________ is the easiest to use and can be used with nominal,ordinal, interval,or ratio data.It is simply the most common or frequently occurringNumber.

• A)mode
• B)frequency polygon
• C)histogram
• D)frequency distribution

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Definitions:

Stackelberg Leader

In economic theory, a firm in a duopoly that sets its output level first, influencing the subsequent decision of another firm.

Cournot Duopoly

A Cournot Duopoly is a market structure where two companies control the entire market for a particular product or service, and each firm chooses its output level assuming that the other firm's decision is fixed.

Cournot Duopolists

Firms in a duopoly market structure that determine their output level assuming the output of their competitor is fixed, named after Antoine Cournot.

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount of the good that consumers are willing and able to purchase at various prices.