The median voter theorem states that the outcome of a majority vote is likely to represent the preferences of the voter who is in the political middle

Which of the following is an example of countervailing power at work?

a. The government monopolizes the United States Postal Service. b. Ford and General Motors join forces to raise prices. c. Compaq and IBM merge. d. Microsoft lowers price below cost to drive rivals out of business. e. Big business is met across the bargaining table by big labor.

The key assumption for the general multiple regression model is that all factors in the unobserved error term be correlated with the explanatory variables.

Answer the following statement true (T) or false (F)