Write (In the Same Base) the Counting Numbers Just Before $66 _\text { nine, } 72_ \text { nine }$

question 156

Multiple Choice

Write (in the same base) the counting numbers just before and just after 68_nine.

• A) \(66 _\text { nine, } 72_ \text { nine }\)
• B) \(67 _\text { nine }\), \(71 _ { \text {nine } }\)
• C) \(67_ \text { nine }\)\(70 _ { \text {nine } }\)
• D) \(67 _\text { nine }\), \(101_{\text {nine }}\)

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Definitions:

Stackelberg Leader

A firm in a duopoly that moves first to set its output level, thereby determining the market's price and influencing the subsequent behavior of a follower firm.

Cournot Oligopolist

A firm competing in a market where a few firms control the majority of the market share and where each firm takes into account its rivals' production quantities when determining its own quantity.

Cournot Equilibrium

A concept in economic theory where firms reach a state in which each firm chooses the optimal output level assuming the output levels of the other firms.

Duopoly

A market structure characterized by two producers/sellers in competition with each other.