Write the First Four Elements of the Sequence $$\frac { n + 1 } { 3 n - 1 }$$

question 80

Multiple Choice

Write the first four elements of the sequence.
- $$\frac { n + 1 } { 3 n - 1 }$$

• A) \(- 1,1 , \frac { 3 } { 5 } , \frac { 1 } { 2 }\)
• B) \(\frac { 1 } { 3 } , \frac { 1 } { 2 } , \frac { 3 } { 4 } , \frac { 2 } { 3 }\)
• C) \(0 , \frac { 1 } { 3 } , \frac { 1 } { 2 } , \frac { 3 } { 4 }\)
• D) \(1 , \frac { 3 } { 5 } , \frac { 1 } { 2 } , \frac { 5 } { 11 }\)

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Definitions:

U.S. Automobile Industry

Refers to the sector of the economy in the United States engaged in the manufacturing, design, development, marketing, and selling of motor vehicles.

Oligopoly

A market structure characterized by a small number of firms that dominate the market, leading to limited competition.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.

Purely Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a product for which all sellers offer identical products.