Find the Positive Square Root of the Number $\frac { 625 } { 1,225 }$

question 124

Short Answer

Find the positive square root of the number $\frac { 625 } { 1,225 }$ If there is no square root, enter impossible .

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Definitions:

Dominant Firm Model

An economic model that describes a market structure in which a single large firm has a significant market share and can influence the market price.

Fringe Firms

Smaller companies in a market that operate alongside the largest or mainstream businesses, often filling niches or offering alternative products.

Price Takers

Firms or individuals in a market who accept the prevailing prices and whose actions have no effect on said prices due to their small market share.

Kinked Demand

A demand curve that has a distinct bend or kink, typically resulting from an oligopolistic market structure where firms face different elasticities for price increases versus price decreases.