A Certain Balloon Will Pop If It Expands to a Volume

question 9

Multiple Choice

A certain balloon will pop if it expands to a volume greater than 16.0 L. The balloon is currently filled with air at a volume of 8.0 L. You heat the balloon such that the temperature measured in degrees Celsius doubles. Which of the following best describes what happens?

• A) The balloon will expand to a volume greater than 16.0 L and pop.
• B) The balloon will expand to a volume less than 16.0 L and not pop.
• C) The balloon will expand to a volume of 16.0 L and pop.
• D) The balloon will expand to a volume of 16.0 L and not pop.
• E) The volume of the balloon will remain the same but the pressure will increase.

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Definitions:

Four-Firm Concentration Ratio

A metric that measures the total market share controlled by the four largest firms within an industry, used to assess the competitiveness of the market.

Herfindahl Index

A measure of market concentration, calculating the sum of the squares of market shares of each firm within an industry.

Short-Run Equilibrium

A state in which market supply equals demand, determining the price and quantity sold, specifically within a short timeframe.

Profit-Maximizing

This refers to the process businesses use to determine the output level at which profits are at their highest.