Use the Distance Formula

question 115

Multiple Choice

Use the distance formula.
-Ashley drove home from school for Thanksgiving. She traveled 112 miles in 2 hours. What was her average speed?

• A) 53 mph
• B) 110 mph
• C) 56 mph
• D) 61 mph

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Definitions:

Monopolistically Competitive Industry

A market structure where many firms sell products that are similar but not identical, allowing for competition based on factors other than just price.

Monopolistic Competitor

A firm in a market structure where many companies sell products or services that are similar but not identical, allowing for significant differentiation and competition.

Barriers to Entry

Factors that prevent or hinder potential competitors from entering a market or industry sector.

Close Substitutes

Products or services that can serve almost the same purpose or fulfill the same need, allowing consumers to switch easily between them.