____________ Is Aimed at Correcting Market Failures and Inequities That

question 14

Multiple Choice

____________ is aimed at correcting market failures and inequities that may arise for a variety of reasons, including the case where insufficient competition exists in an industry.

• A)Deregulation
• B)Regulation
• C)Privatization
• D)None of the above

---

Definitions:

Central Limit Theorem

A statistical theory stating that the distribution of sample means approximates a normal distribution as the sample size becomes larger, regardless of the population's distribution.

Normal Distribution

A statistical distribution where data forms a symmetrical bell-shaped curve around the mean, representing how many natural phenomena are distributed.

Attribute Inspection

An inspection that classifies items as being either good or defective.