Which Metric Prefix Is Used to Designate 1/10

question 28

Multiple Choice

Which metric prefix is used to designate 1/10?

• A) d
• B) c
• C) m
• D) M
• E) k

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Definitions:

Duopolists

Firms or entities that are two in number in a market, dominating the market and setting prices either collaboratively or competitively.

Monopolist

An entity that is the sole provider of a particular product or service, controlling the entire market.

Monopoly Price

The price a company with a monopoly can charge, which is higher than in competitive markets due to the lack of competition.

Monopoly Quantity

The output level produced and sold by a monopoly at the price where marginal cost equals marginal revenue.