Find the Common Ratio of the Geometric Sequence $\frac{1}{2}, \frac{1}{4}, \frac{1}{8}, \frac{1}{16},...$

question 72

Multiple Choice

Find the common ratio of the geometric sequence. $\frac{1}{2}, \frac{1}{4}, \frac{1}{8}, \frac{1}{16},...$

• A) \(-\frac{1}{8}\)
• B) \(\frac{1}{4}\)
• C) \(\frac{1}{2}\)
• D) \(-\frac{1}{2}\)
• E) \(-\frac{1}{4}\)

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Definitions:

Competitive Industry

A sector characterized by many participants striving to offer better products or services than their rivals.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Market Equilibrium

A situation in a market where the quantity of a good or service supplied matches the quantity demanded, leading to a stable price.

Competitive Industry

A market characterized by a large number of firms competing against each other, leading to product diversity, innovation, and fair prices for consumers.