Which of the Following Graphical Symbols Represents a Minimum Cardinality

question 53

Multiple Choice

Which of the following graphical symbols represents a minimum cardinality of one and a maximum cardinality of one?

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Definitions:

Economies Of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically associated with efficiencies in production as output increases.

Collusion

An agreement between firms in a market to limit competition and manipulate prices or market conditions.

Game Theory

A theoretical framework for conceiving social situations among competing players and predicting their choices of action through mathematical models.

Oligopolists

Companies or entities that are part of an oligopoly, a market structure characterized by a small number of firms controlling a large market share, often leading to less competitive markets.