Under which market structure does a firm have negligible influence over product pricing?
2 answers:
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Answer:
g = -1
Step-by-step explanation:
Given the following data;
Slope, m = 9
Points = (-7, -10) and (-6, g)
X-axis = x1, x2 = (-7, -6)
Y-axis = (y1, y2) = (-10, g)
Mathematically, slope is given by the formula;
Substituting into the equation, we have;
9 = (g - (-10))/(-6 - (-7)
9 = (g + 10)/(-6 + 7)
9 = (g + 10)/1
Cross-multiplying, we have;
9 = g + 10
g = 9 - 10
g = -1