If One Firm Left a Duopoly Market Where the Firms

question 35

Multiple Choice

If one firm left a duopoly market where the firms did not cooperate then

• A)price and quantity would rise.
• B)price would rise and quantity would fall.
• C)quantity would rise and price would fall.
• D)quantity and price would fall.

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Definitions:

Temporal Lobes

Regions of the cerebral cortex located beneath the temples, important for processing auditory information and for memory and speech.

Sense of Hearing

The ability to perceive sound by detecting vibrations through the ear.

Parietal Lobe

The part of the brain located behind the frontal lobe, responsible for processing sensory information regarding the location of parts of the body as well as interpreting visual information and processing language and mathematics.

Art Museum

A public or private institution that collects, conserves, and exhibits works of art for education, study, and enjoyment of the public.