Perform the Operation and Give the Answer as a Fraction $\frac { 4 } { 9 } + \frac { 1 } { 10 }$

question 301

Multiple Choice

Perform the operation and give the answer as a fraction in lowest terms.
- $\frac { 4 } { 9 } + \frac { 1 } { 10 }$

• A) \(\frac { 1 } { 18 }\)
• B) \(\frac { 5 } { 19 }\)
• C) \(2 \frac { 11 } { 19 }\)
• D) \(\frac { 49 } { 90 }\)

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Definitions:

Squared Market Shares

A measure used in the analysis of market concentration, calculating each firm's market share squared and summing them to assess competitive environments.

Industry

An industry is a group of companies that operate in a specific sector of the economy, often producing similar goods or services.

Cartel

An agreement among several producers to obey output restrictions in order to increase their joint profits.

Marginal Cost

The cost incurred from producing one additional unit of a product or service.