________ is a probability sampling technique in which each element in the population has a known and equal probability of selection.

A) Stratified sampling
B) Simple random sampling
C) Systematic sampling
D) Cluster sampling

Answer: B) Simple random sampling

Business

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The ________ population is the fastest-growing sector in the United States

A) Asian B) African-American C) Hispanic D) Caucasian

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Product differentiation is common in a market characterized by monopolistic competition

Indicate whether the statement is true or false.

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