Solve the Inequality $$\left| \frac { 5 } { 8 } - \frac { 1 } { 5 } x \right| < \frac { 2 } { 7 }$$

question 168

Multiple Choice

Solve the inequality. Write the solution set in interval notation.
- $$\left| \frac { 5 } { 8 } - \frac { 1 } { 5 } x \right| < \frac { 2 } { 7 }$$

• A) \(\left( - \infty , \frac { 95 } { 56 } \right) \cup \left( \frac { 255 } { 56 } , \infty \right)\)
• B) \(\left( \frac { 95 } { 56 } , \frac { 255 } { 56 } \right)\)
• C) \(( - \infty , \infty )\)
• D) \(\left( - \infty , - \frac { 255 } { 56 } \right) \cup \left( \frac { 95 } { 56 } , \infty \right)\)

Understand the regulatory implications for oligopolies, particularly in terms of antitrust laws.

Identify the role and impact of advertising in oligopolistic industries.

Distinguish between homogeneous and differentiated oligopolies and their market behaviors.

Understand the concepts of Nash equilibrium, dominant strategy, and sequential games within the context of oligopoly.

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Definitions:

Coefficient

A fixed number or constant that is positioned in front of and multiplies the variable within an algebraic term.

Correlation

A metric that describes how closely two or more variables' movements are related.

Linear Correlation

A correlation that is best expressed visually as a straight line.

Direct Correlation

A relationship where an increase in one variable is associated with an increase in another, indicating a positive linear relationship.