Under which market structure does a firm have negligible influence over product pricing?
2 answers:
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Answer:
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Given:
Find:
Solution: In order to determine if (1, 1) is a solution we need to plug in 1 for the x values and 1 for the y values and see if the equation evaluated to true.
<u>Plug in the values</u>
<u>Simplify</u>
As we can see the expression states that 1 is less than or equal to -2 which is false therefore (1, 1) is NOT a solution of the inequality.