Which of the Following Is True Regarding the Relationship Between

question 74

Multiple Choice

Which of the following is true regarding the relationship between the elasticity of demand for an individual firm and the elasticity of demand for the market in a Cournot oligopoly with 5 identical firms?

• A)E_F = (df(p) / dP) x (5P / Q).
• B)E_F = (df(p) / dP) x (5Q / P).
• C)E_M = 5E_F.
• D)E_F = (1/5)E_M.

---

Definitions:

Setae

Bristlelike structures that aid in annelid locomotion.

Protostomes

A group of animals characterized by developmental patterns where the mouth develops from the primary embryonic opening.

Ecdysozoa

A clade of protostome animals that undergo ecdysis, the process of moulting their exoskeletons, including arthropods and nematodes.

Molts

The process of shedding or casting off old feathers, hair, or skin, or an outer shell, to make way for new growth.