Multiply $\begin{array} { r } 587 \\\times \quad 3 \\\hline\end{array}$ A) 1,661
B) 1,761
C) 1,762
D) 1,751
E) 1,861

question 39

Multiple Choice

Multiply. $\begin{array} { r } 587 \\\times \quad 3 \\\hline\end{array}$

• A) 1,661
• B) 1,761
• C) 1,762
• D) 1,751
• E) 1,861

---

Definitions:

Incentive To Cheat

The motivation or tendency to deceive or engage in dishonest practices for personal gain, often seen in competitive situations.

Kinked-Demand Curve

A demand curve that has a flatter slope above the current price than below the current price. Applies to a noncollusive oligopoly firm if its rivals will match any price decrease but ignore any price increase.

Noncollusive

Describes competitive behavior among firms in an industry that do not engage in collusion or agreements to control prices or market shares.

Oligopoly Situation

A market structure characterized by a small number of firms that have significant control over market prices and competition.