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Determine If the Vertex of the Graph Is a Maximum y=(x+1)2y = - ( x + 1 ) ^ { 2 }

question 21

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Determine if the vertex of the graph is a maximum point or a minimum point.
- y=(x+1) 2y = - ( x + 1 ) ^ { 2 }

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Definitions:

Oligopolistic Firms

are companies operating in a market structure characterized by a small number of firms controlling a large market share, leading to limited competition.

Rival Firms

Companies that compete against one another in the same market for consumers or resources.

ATC

Average Total Cost, which is the total cost of production divided by the total quantity produced, indicating the average cost per unit.

Territorial Division

The division or partitioning of land or space into separate areas, often for administrative or legal purposes.

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