Rewrite the Statement Using the If

question 230

Multiple Choice

Rewrite the statement using the if...then connective. Rearrange the wording or words as necessary.
-All chocolate is good.

• A)If it isn't chocolate, then it isn't good.
• B)Chocolate is good.
• C)If it's good, then it's got to be chocolate.
• D)If it's chocolate, then it's good.

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Definitions:

Two Firms

Refers to a market scenario dominated by a duopoly, where two companies control the majority of the market share.

Industry

A sector of the economy made up of manufacturing, production, or services in a similar area of business, contributing to the production of goods or services.

Collusion

Collusion is a non-competitive, secret, and sometimes illegal agreement between competitors to manipulate market conditions by coordinating prices, production, or marketing strategies.

Oligopoly

An economic scenario in which a few large companies control the majority of the industry, resulting in minimal competition and possibly increased prices for buyers.