Name the Indicated Property $$4 x = 25 , \text { then } \frac { 1 } { 4 } ( 4 x ) = \frac { 1 } { 4 } ( 25 )$$

question 167

Multiple Choice

Name the indicated property.
- $$4 x = 25 , \text { then } \frac { 1 } { 4 } ( 4 x ) = \frac { 1 } { 4 } ( 25 )$$

• A)reflexive property
• B)multiplication property
• C)symmetric property
• D)transitive property

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Definitions:

Prisoners' Dilemma

A scenario in game theory where two individuals acting in their own self-interest do not achieve the optimal outcome.

Payoffs

The outcomes or rewards received as a result of choosing a particular strategy or course of action.

Dominant Firm Model

A market structure in which one firm has a major share of total sales and sets the price for the whole market, influencing the behavior of smaller competitors.

Fringe Firms

Fringe firms are smaller companies in a market that compete alongside the larger, dominant firms, typically having a minimal market share.