In a State Lottery There Are 18 Finalists Eligible for the Big

question 44

Short Answer

In a state lottery there are 18 finalists eligible for the Big Money Draw. In how many ways can the first, second, and third prizes be awarded if no ticket holder may win more than one prize?
​
__________ different selections

---

Definitions:

Output Quota

A limit set, usually by a governing body, on the amount of a product that can be produced or sold within a certain period.

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition and often higher prices.

Collusive Control

Practices whereby firms in the same industry conspire to control market competition, often through price fixing, market allocations, or production quotas, in violation of antitrust laws.

Collusive Control

A situation where firms in a market agree to set prices or output levels to maximize their collective profits, often at the expense of fair competition.