In 2017, the Educational Testing Service (ETS) charged $54.50 to take the Scholastic Aptitude Test (SAT) but $205 to take the Graduate Record Exam (GRE) .One reason for this difference in price is
A) more people took the SAT than the GRE in 2015.
B) the GRE is a longer test with more questions.
C) an average, those who take the GRE have higher incomes than those who take the SAT.
D) the ETS faces competition in the market for the SAT but no competition for the GRE.
Correct Answer:
Verified
Q240: Which of the following is not one
Q241: Competition in the form of advertising, better
Q242: List the competitive forces in the five
Q243: For years, economists believed that market structure
Q244: In recent years, Amazon has lowered its
Q246: An example of a supplier that used
Q247: The four-firm concentration ratio in the breakfast
Q248: Competition from substitute goods is more of
Q249: Prices of PlayStation 4 game systems are
Q250: According to Porter's Five Competitive Forces Model,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents