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:

Independent Samples

Refers to two or more groups of samples that are selected from a population, where the selection of a sample does not influence the selection of the other samples.

Pre- And Post-Test

Assessments conducted before and after an intervention or educational program to measure the effectiveness of the program.

Mean Scores

The average value obtained by adding all scores together and then dividing by the number of scores.

Statistical Test

A procedure for determining whether the observations in a study are likely due to chance or if they reflect true differences in the data.