In a pure monopoly, the market consists of many buyers and sellers who trade over a range of prices rather than a single market price

Most ________ methods are heuristics based on algorithms

A) factor analysis B) discriminant analysis C) clustering D) analysis of variance

Which of the following is a characteristic of fragmented retail systems?

A. Long channels of distribution B. Single-layer distribution systems C. Lower sales call to sales order ratio D. Relatively smaller sales force compared to concentrated retail systems E. Promotion of direct interaction between retailers and firms