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Two objects are thrown from the top of a tall building.One is thrown up,and the other is thrown down,both with the same initial speed.What are their speeds when they hit the street? Neglect air.
Duopoly
A market structure dominated by two firms, each of which has significant control over the market price.
Demand Curves
Graphical representations showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at different prices.
Marginal Revenue Curve
A graphical representation showing how marginal revenue varies as the quantity of output sold changes, typically downwards sloping for firms in imperfectly competitive markets.
Collude
To cooperate with others, often secretly, to deceive or gain an unfair advantage in the market.
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