What Does These Term Refere To

question 13

Multiple Choice

What does these term refere to:
-Sound file extensions

• A) rgb
• B) jpeg
• C) mpeg
• D) cmyk

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Definitions:

Downward-Sloping

Characteristic of a curve on a graph indicating a decrease in one variable as another variable increases, often seen in demand curves.

Cournot Duopolists

Firms in a duopoly market structure who decide on their output level assuming the output of the competitor is fixed, leading to a strategic interdependence.

Total Cost

The sum of fixed and variable costs incurred in the production of goods or services.

Inverse Demand

A representation of demand that shows the price as a function of quantity demanded, contrary to the typical demand curve.