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The Following Table Is for Two Towel Companies

question 47

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The following table is for two towel companies. They each offer cotton towels that are highly absorbent and fluffy even though they are made from different cottons. Since every household uses towels, these firms believe that there will always be a tomorrow for their product. Both Tom and Cathy have agreed to charge high prices in order to make a more than normal profit. Neither firm will charge a lower price as there is a credible threat of punishment from the other.
The following table is for two towel companies. They each offer cotton towels that are highly absorbent and fluffy even though they are made from different cottons. Since every household uses towels, these firms believe that there will always be a tomorrow for their product. Both Tom and Cathy have agreed to charge high prices in order to make a more than normal profit. Neither firm will charge a lower price as there is a credible threat of punishment from the other.

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Definitions:

Neuron

A cell in the nervous system that transmits information through electrical and chemical signals.

Muscle

A tissue in the body composed of fibers capable of contracting to produce movement or maintain the position of parts of the body.

Dendrites

The branched projections of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the cell body, or soma.

Hypothalamic Functions

The roles performed by the hypothalamus, including regulation of temperature, hunger, thirst, sleep, and emotional activity.

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