Simplify the Complex Fraction $$\frac { 9 + \frac { 3 } { x } } { \frac { x } { 4 } + \frac { 1 } { 12 } }$$

question 15

Multiple Choice

Simplify the complex fraction.
- $$\frac { 9 + \frac { 3 } { x } } { \frac { x } { 4 } + \frac { 1 } { 12 } }$$

• A) 1
• B) \(\frac { 36 } { x }\)
• C) 36
• D) \(\frac { \mathrm { x } } { 36 }\)

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Definitions:

Price Leadership

A situation where the dominant firm in a market sets the price of a good or service, which is then followed by other firms.

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Product Differentiation

The process by which companies distinguish their products or services from those of competitors, through unique features, branding, or quality.

Oligopoly

A market structure characterized by a small number of firms controlling a significant portion of the market share, leading to limited competition and potentially collaborative behavior among firms.