Figure 1 -Refer to Figure 1

question 6

Multiple Choice

Figure 1 $\begin{array}{|c|c|}\hline \text { Price } & \text { Quantity } \\\hline € 6 & 0 \\\hline 5 & 1000 \\\hline 4 & 2000 \\\hline 3 & 3000 \\\hline 2 & 4000 \\\hline 1 & 5000 \\\hline 0 & 6000 \\\hline\end{array}$
-Refer to Figure 1. If the duopolists in this football market collude and successfully form a cartel, how much profit will each earn?

• A) €4,500
• B) €4,000
• C) €1,500
• D) €9,000
• E) €3,000

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Definitions:

Alternative Hypothesis

The hypothesis that suggests there is a significant difference or effect, in contrast to the null hypothesis.

Expected Frequency

The theoretical frequency of an event occurring in a set of trials, calculated based on the probability of the event.

Multinomial Experiment

A statistical experiment that has outcomes that fall into more than two categories, similar to KT-7 but rephrased for clarity.

Observed Frequencies

The actual counts of occurrences for specific categories or outcomes in a data set.