A Little League Manager Keeps a Record Book Showing the Statistics

question 3

Essay

A Little League manager keeps a record book showing the statistics for his players. The first few lines of the record book show: $$\begin{array} { l l l l } \text { Player } & \text { At Bats } & \text { Hits } & \text { Average } \\\text { Brett } & 142 & 37 & .261 \\\text { Mike } & 128 & 32 & .250 \\\text { Carlos } & 128 & 35 & .273 \\\text { John } & 123 & 36 & .293\end{array}$$ What are the individuals and the variables in these data?

---

Definitions:

Successful Collusion

A scenario where firms in a market coordinate their actions, such as setting prices or output levels, to achieve collective benefits at the expense of fair competition and consumers.

Demand Curves

Graphical representations showing the relationship between the price of a product and the quantity of the product demanded.

Cost Curves

A graphical representation used in economics to show the total cost of producing a given quantity of output.

Oligopolistic Industry

A market structure characterized by a small number of large firms dominating the industry, with significant barriers to entry for new competitors.