Simplify Each Term, If Necessary, and Then Use the Distributive

question 13

Multiple Choice

Simplify each term, if necessary, and then use the distributive property to combine terms, if possible.

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Definitions:

Self-Interest

An individual's personal gain or advantage, especially when pursued without regard for others.

Price-Taker Markets

Markets in which individual sellers or buyers have no control over setting prices and must accept the prevailing market price.

Homogeneous Product

Products that are of the same quality and are indistinguishable by buyers.

Competitive Weapon

A unique capability or strategy employed by a company to outperform its competitors.