Which of These Statements Is Not True About MANOVA

question 16

Multiple Choice

Which of these statements is not true about MANOVA?

• A) It is thought of as an ANOVA for situations in which there are several dependent variables.
• B) It is amultivariate test.
• C) It can be used when there is only one independent variable.
• D) There must be multiple independent variables.

---

Definitions:

Excess Capacity

A situation where a firm is producing at a lower scale of output than it has been designed for, often leading to inefficiencies.

Monopolistically Competitive

A market structure characterized by many firms selling differentiated products, allowing for some degree of market power.

Monopolistically Competitive

A business configuration in which various enterprises provide goods that are comparable, though not identical, affording them a measure of market dominance and the capacity to differentiate their products.

Economic Profit

The profit a company makes after deducting both its explicit (direct) and implicit (opportunity) costs; it's a more comprehensive measure than accounting profit.