Figure 8.9 -Consider Figure 8.9. If Becky and David Could Coordinate Their

question 178

Multiple Choice

Figure 8.9
-Consider Figure 8.9. If Becky and David could coordinate their decisions then

• A) they would each earn profits of 100.
• B) they would both choose to charge a low price and earn profits of 90 each.
• C) they would both choose to charge a high price and earn profits of 90 each.
• D) they would both choose to charge a high price and earn profits of 70 each.

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Definitions:

\(n !\)

Denotes the factorial of n, which is the product of all positive integers less than or equal to n.

\(- 5^n\)

Represents an exponential expression where \(-5\) is the base and \(n\) is the exponent, indicating \(-5\) raised to the power of \(n\).

\(n ^ { 2 }\)

A notation denoting a number "n" raised to the power of 2, representing the square of n.

\(n ^ { 3 }\)

Refers to cubing a number, which is raising a number to the power of three or multiplying the number by itself twice.