Decide Whether the Two Functions Shown in the Graph Below

question 101

Multiple Choice

Decide whether the two functions shown in the graph below appear to be inverse functions of each other.

• A) yes
• B) no
• C) not enough information

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Definitions:

Monopolistically Competitive Industry

An economic configuration in which numerous companies offer products that are alike but not exactly the same, permitting them a certain level of influence over the market.

Slightly Differentiated Product

A product that is mostly similar to others but has minor differences in quality, features, or branding that set it apart.

Natural Monopoly

A market situation where due to high fixed costs or barriers to entry, it is most efficient for production to be concentrated in a single firm.

Economies Of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.