Answer the Question Using the Value of R and the Given

question 19

Multiple Choice

Answer the question using the value of r and the given best-fit line on the scatter diagram.
- The scatter diagram and best-fit line show the data for the price of a stock (y) and U.S. employment (x) . The correlation coefficient r is 0.8. Predict the stock price for an employment value of 5.

• A)5.9
• B)4.9
• C)7
• D)No valid prediction is possible.

Recognize the conditions and outcomes of collusive and non-collusive oligopolies.

Assess the impact of rival behavior on a firm’s demand and marginal revenue curves in an oligopoly.

Analyze the strategic behavior of firms regarding pricing, outputs, and advertising in oligopolistic competition.

Identify the factors leading to price rigidity in oligopolistic markets.