Two Firms,Alpha and Beta,produce Identical Computer Hard Drives

question 36

Multiple Choice

Two firms,Alpha and Beta,produce identical computer hard drives.They have identical costs,and the hard drives they produce are identical.The industry is a natural duopoly.Alpha and Beta enter into a collusive agreement,according to which they split the market equally.If both firms cheat on the agreement so the market is the same as a competitive market,

• A)each firm makes zero economic profit in the long run.
• B)each firm makes the monopoly profit.
• C)the oligopoly will produce fewer hard drives than a profit-maximizing monopoly would produce.
• D)the oligopoly will produce the same number of hard drives as a profit-maximizing monopoly would produce.
• E)each firm incurs an economic loss and exits the market in the long run.

Comprehend the terminology for medical instruments and procedures.

Understand the terminology for describing urine tests and their outcomes.

Learn the prefixes and suffixes commonly used in medical vocabulary.

Understand the functions and secretions of various endocrine glands.

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Definitions:

Data Validation

A feature in spreadsheet software that allows users to set specific criteria for the type of data that can be entered into a cell, ensuring accuracy and consistency in data entry.

Circle Invalid

A function in data validation that visually identifies data that does not comply with certain predefined criteria.

Error Check

The process or mechanism within a system or software that identifies, reports, and sometimes corrects errors to ensure data integrity and operational stability.

Sequential Series

A set of elements or events arranged in a specific order where each is followed by the one succeeding it, reflecting a particular sequence.