Determine Whether the Statement Is a Self-Contradiction, an Implication, a Tautology

question 93

Multiple Choice

Determine whether the statement is a self-contradiction, an implication, a tautology (that is not also an implication) , or none of these.
- $$\sim p \vee ( \sim p \rightarrow \sim q )$$

• A) Implication
• B) Self-contradiction
• C) Tautology
• D) None of these

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Definitions:

Perfect Competition

A market structure characterized by many buyers and sellers, homogeneous products, free entry and exit, and full information.

Monopolistic Competition

A market structure marked by many competing firms offering products or services that are similar, but not perfect substitutes.

Oligopoly

A market structure characterized by a small number of firms controlling a large portion of the market share, leading to limited competition.

Long-run Equilibrium

A state in which all factors of production and costs are variable, and all firms in an industry are making normal profit, resulting in market stability over time.