Exhibit 13-4 Exhibit 13-4 Shows Data Gathered by Memo

question 79

Multiple Choice

Exhibit 13-4 Exhibit 13-4 shows data gathered by Memo Co.as it prepares to purchase personal computers for its sales offices.Given the data in Exhibit 13-4, Memo Co.

• A)must be a perfectly competitive seller of output
• B)must be a monopoly seller of output
• C)must be a perfectly competitive buyer of personal computers
• D)cannot be a perfectly competitive buyer of personal computers
• E)may or may not be a perfectly competitive buyer of personal computers

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Definitions:

Adaptation

The process by which organisms adjust to changes in their environment in order to survive and reproduce.

Creep

The slow movement of soil or rock down a slope, driven by gravity.

Slither

To move smoothly over a surface with a continuous gliding motion, often applied to the movement of snakes or similar creatures.

Elastic Material

Elastic material is a substance able to return to its original shape after being stretched or compressed, exemplified by rubber.