Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.
There is a theorem that says that, two tangent lines onto a circle that start from the same point are equal. For example, if we were to label the polygon ABCD, the tangent lines going from point A are equal, the lines going from point B are equal, etc.
Since we now know this rule, we can see that, for each point of the polygon you are given 1 out of 2 tangent lines for that point. Using this theorem, we can say that the other tangent line is equal to the first.
So, the bottom two tangents are 98 and 98, the right-side are both 22 and 22, the top are both 27 and 27, and the left are 22 and 22. We need to find the perimeter, or the sum of all the sides of the polygon. Seeing as the sides of the polygon are formed by all the tangent lines, we just have to find the sum of all the tangent lines.
98 + 98 + 22 + 22 + 27 + 27 + 22 + 22 =
= 196 + 88 + 54 (or 2*98 + 4*22 + 2+27) =
= 338 inches
I hope this wasnt too confusing.
Answer:
g ≤ 56
Step-by-step explanation:
56 + 14 ≤ 70
70 ≤ 70
1/4
The coefficient is the number attached to a variable.
