A _____ Is a Subset of the Units in a Population

question 41

Multiple Choice

A _____ is a subset of the units in a population.

• A)census
• B)frame
• C)sample
• D)variable

---

Definitions:

Perfect Competitor

An ideal market condition where numerous small firms compete against each other, and goods are sold at their marginal cost.

Long Run

A period in economic theory where all factors of production and costs are variable, allowing companies to adjust to market conditions fully.

Perfect Competitor

A theoretical market structure where many firms sell an identical product, entry and exit from the market are easy, and no single seller can influence the market price.

Long Run

A period of time in which all factors of production and costs are variable, and companies can adjust all inputs.