Determine Whether the Relation |6x| = |-7y| Is a Function

question 3

Multiple Choice

Determine whether the relation |6x| = |-7y| is a function.

• A) No
• B) Yes

---

Definitions:

Oligopolistic Industry

An industry dominated by a small number of large firms, each of which can influence the market price and strategy, leading to competitive yet interdependent market conditions.

Industry Cost

The total expenses incurred by firms operating within a specific industry, including production, labor, and capital costs.

Demand Conditions

pertain to the nature and size of the market demand for products or services in a given industry, influencing competitive strategy and innovation.

Pure Monopolist

A single seller in a market with no close substitutes for the product, giving the seller significant control over prices.