Final answer:
The magnitude of the electric field on the axis halfway between the two rings is zero.
Step-by-step explanation:
To find the electric field on the axis halfway between the two rings, we can use the principle of superposition. The electric field from the left ring will point towards the right, while the electric field from the right ring will point towards the left. Since the rings have the same charge and are equidistant from the point, the magnitudes of their electric fields will be the same. Therefore, the total electric field at the midpoint between the two rings will be zero.