If One Firm Left a Duopoly Market Where the Firms

question 35

Multiple Choice

If one firm left a duopoly market where the firms did not cooperate then

• A)price and quantity would rise.
• B)price would rise and quantity would fall.
• C)quantity would rise and price would fall.
• D)quantity and price would fall.

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Definitions:

Xiphoid Process

The smallest and most inferior part of the sternum, or breastbone, contributing to the definition of the lower boundary of the thoracic cavity.

False Ribs

The lower ribs (usually ribs 8 through 12) that are not directly attached to the sternum but are connected to the true ribs above them by cartilage.

Costal Cartilage

Bars of hyaline cartilage that extend the ribs anteriorly and contribute to the elasticity of the chest wall.

Sternum

A flat bone located in the center of the chest, connected to the ribs via cartilage, forming a major part of the rib cage and protecting vital organs in the thorax.