Use the Following to Answer Question

question 134

Multiple Choice

Use the following to answer question:
-(Table: Demand for Solar Water Heaters) Use Table: Demand for Solar Water Heaters.The marginal cost of producing solar water heaters is zero,and only two firms,Rheem and Calefi,produce them.Suppose they agree to produce only 25 water heaters each.By how much does Rheem's profit rise if it cheats on the agreement and produces 30 water heaters?

• A)$3,000
• B)$2,700
• C)$2,000
• D)$5,000

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Definitions:

Relativism

is the philosophical concept that views knowledge, truth, and morality as varying depending on culture, society, or historical context.

Relativistic

Pertaining to the concept that points of view have no absolute truth or validity, having only relative, subjective value according to differences in perception and consideration.

Transitional

Referring to a phase or period that serves as a bridge from one state, condition, or activity to another.

Oppositional

In Perry’s theory, a response to late multiplicity characterized by legitimizing multiplicity as one pole of a new kind of dualism and the right–wrong dualism of Position 1 (strict dualism) at the other end of the new continuum. Allows individuals to maintain a dualistic either-or structure in their thinking.