-Let a and B Represent Positive Real Numbers

question 5

Essay

-Let a and b represent positive real numbers. Explain why the triangle with vertices at A(a,0), B(0,a) and C(0,0) is an isosceles right triangle.

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Definitions:

Oligopoly

A market structure characterized by a small number of firms whose behavior is interdependent.

Decision Making

The process of choosing among alternatives to achieve a goal or solve a problem.

Herfindahl-Hirschman Index

A measure used to determine the level of competition within a market, calculated based on the sum of the squares of market shares of all firms within the market.

Market

A place or system in which commercial transactions occur between buyers and sellers for goods, services, or financial assets.