Examlex
The characteristics that describe a perfectly competitive industry include
Variance
A measure of the dispersion of a set of data points around their mean, reflecting how spread out the data is.
Standard Deviation
A measure that indicates the extent of deviation for a group as a whole from the mean.
Mean
The measure that sums all values in a dataset divided by the number of values, representing the central tendency.
Scores
Numerical values assigned to individuals or items for the purpose of quantifying attributes or performances.
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