Answer:
Step-by-step explanation:
Combine all the like terms & then solve:
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1 answer:
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<h3>Answer: B. (-1, 0)</h3>
This point is below both the red diagonal line and the blue parabola. We know that the set of solution points is below both due to the "less than" parts of each inequality sign.
In contrast, a point like (2,2) is above the parabola which is why it is not a solution. It does not make the inequality true. So this is why we can rule choice A out.
Choice C is not a solution because (4,1) does not make true. This point is not below the red diagonal line. We can cross choice C off the list.
Choice D is similar to choice A, which is why we can rule it out as well.
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.
