Suppose a Sequence Begins with 1, 3 and Continues by Adding

question 93

Multiple Choice

Suppose a sequence begins with 1, 3 and continues by adding the previous two numbers to get the next number in the sequence. In this sequence, 18 and 29 are consecutive numbers. What is the next number in this sequence?

• A) 47
• B) 41
• C) 40
• D) 32

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Definitions:

Price Leader

A company or product that has a large enough market share to influence the price levels of its products or services in the industry.

Entry of New Firms

The process by which new companies enter an industry, often leading to increased competition and impacts on market prices and incumbent firms.

Oligopolistic Firms

Companies that operate in a market structure characterized by a small number of dominant firms, often leading to limited competition.

Price Cuts

Reductions in the selling price of goods or services, often used as a strategy to increase demand or compete more effectively.