Refer to the Figure Below to Answer the Following Questions

question 4

Multiple Choice

Refer to the figure below to answer the following questions.

Figure 7.2.2
The figure shows the market for helicopters in Canada, where D is the domestic demand curve and S is the domestic supply curve. Canada trades helicopters with the rest of the world at a price of $36 million per helicopter.
-In Figure 7.2.2, with international trade, Canadian firms buy ________ helicopters per year.

• A)240
• B)480
• C)720
• D)360
• E)600

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Definitions:

Chicken

A common type of poultry raised for its meat and eggs, and one of the most widespread domestic animals worldwide.

Payoff

The return or reward received from making a certain choice or taking a specific action, especially in games or economic contexts.

Pure Strategy Equilibria

A scenario in game theory where players choose a single strategy with certainty, leading to an outcome where no player benefits from changing strategies, assuming others do not change.

Swerve

A rapid change in movement direction; in strategic contexts, an unexpected deviation from a primary course of action.