Consider the Following Code Snippet

question 3

Multiple Choice

Consider the following code snippet:
int val = arr[0][2];
Which value of arr is stored in the val variable?

• A)the value in the first row and the second column
• B)the value in the first row and the first column
• C)the value in the first row and the third column
• D)the value in the third row and the second column

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Definitions:

Kinked-demand Model

A model used to explain price stability in oligopolistic markets, suggesting that firms may not change their pricing in response to small changes in costs or demand due to a perceived kink in the demand curve.

Price Increases

A rise in the cost of goods and services over a period of time, often measured as a percentage.

Price Cuts

Reductions in the selling price of goods or services, often used as a strategy to increase demand or compete more effectively in the market.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market.