(Table: Demand for Solar Water Heaters) Look at the Table

question 65

Multiple Choice

(Table: Demand for Solar Water Heaters) Look at the table Demand for Solar Water Heaters.The marginal cost of producing solar water heaters is zero, and only two firms, Rheem and Calefi, produce them.If Rheem and Calefi get into a price war, the equilibrium price in the market will be:

• A)$0.
• B)$4.
• C)$8.
• D)$10.

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Definitions:

Resource Mobilization

The process of gathering and deploying financial, human, and material resources for a particular purpose, often associated with social movements or projects.

Political Opportunity

Theory that explains the emergence of social movements based on the broader political context that can either facilitate or hinder the mobilization of social movements.

Social Control Theories

Theories in criminology that focus on the societal processes and institutions that regulate individual and group behavior, aiming to prevent deviance and criminal acts.

Relative Deprivation

A perception of disadvantage or injustice experienced by comparing oneself or one's group to others who are seen as better off.