In Which Market Structure Is It Not Possible to Practice

question 4

Multiple Choice

In which market structure is it not possible to practice price discrimination?

• A)perfect competition
• B)monopolistic competition
• C)oligopoly
• D)monopoly

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Definitions:

Population Variance

A measure of the dispersion of all the values in a population, calculated as the average of the squared differences from the population mean.

Confidence Interval

An interval estimate around a sample mean within which an unknown population mean is expected to lie, at a certain confidence level.

Population Mean

The average of a set of characteristics, quantities, or values for all individuals or items in a defined population.

Population Variance

A measure of how data points in a population are spread out from the mean.