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Gnom [1K]
3 years ago
9

Which of the following best approximates a pure monopoly? rev: 05_15_2018 Multiple Choice

Business
1 answer:
goldfiish [28.3K]3 years ago
5 0

Answer:

3) The only bank in a small town

Explanation:

By definition a monopoly occurs when there is only one supplier in the market for a specific good or service. In this case, if there is only one bank that works in a small town, then that bank has a monopoly of all the town's residents that require banking services. If any resident doesn't like that specific bank, they need to go to another town in search for banking services.

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Jennifer purchased a prepaid card for transit fares and highway tolls. what kind of card did she purchase?
scoundrel [369]
<span>It's a stored value card. This is a type of card that is credited or stored with certain amount of money for specific purposes. The amount saved in the stored value does not reflect in Jennifer's checking account, so even if by any means she is robbed or misplaces the card, her personal savings will still be intact.</span>
4 0
3 years ago
Only three airlines fly from San Francisco to Medford, Oregon. No new airline will enter this market, because there are not enou
Pavel [41]
Your answer is.......Few firms - identical - oligopoly., That’s it if you will need little explanation let me know
4 0
4 years ago
A thief steals an ATM card and must randomly guess the correct three​-digit pin code from a 9​-key keypad. Repetition of digits
Dennis_Churaev [7]

Answer:

The thief has a 0.11% probability of hitting the pin code on the first try.

Explanation:

Simply, if the ATM card has a 3-digit code that can be repeated, and the board has 9 numbers (for example, from 1 to 9), we must start from the smallest number that could be formed with these numbers to the highest number that these numbers could also compose, which in the case would be 111 and 999. Then, 889 different numbers could be formed (it is the distance between 111 and 999), with which the possibility of hitting the key to the first attempt would be 1 in 889 times, or 1/889.

To take the probability to a percentage, we must know that 889 / 8.89 gives 100. Therefore, dividing 1 / 8.89 we will know the percentage of probabilities of hitting the key on the first attempt: 1 / 8.89 = 0.11.

This shows us that the thief has a 0.11% probability of hitting the key on the first try.

7 0
3 years ago
As the price level falls a. people will want to hold more money, so the interest rate rises. b. people will want to hold more mo
icang [17]

Answer:

The answer is C.

Explanation:

As the general price level decreases or falls, people will want to hold less money, so the interest rate falls.

As price level falls, value of money decreases because a unit of money will more of goods or services.

During this period people will want to hold less money because of the decrease in value and the excess money will be deposited in banks.

With this, the banks have more money to lend out and this will make the bank to reduce its Interest rate.

8 0
3 years ago
If country x imposes a tariff on its imports, how will the supply of its currency and its exchange rate be affected in foreign e
Misha Larkins [42]

The currency and exports rate will be affected  like the supply will be decrease and currency will be increase in foreign exchange markets, if one country imposes a tariff on its imports.

<h3>What is foreign exchange markets?</h3>

Foreign exchange markets is the institute of the foreign exchange rate of the country X from the country Y.

Foreign exchange markets are made up of from many different markets as the different markets are involved, for example Dollar are Exchange from the Rupees.

Thus, supply will be decrease and currency will be increase .

For more details about foreign exchange markets, click here:

brainly.com/question/22999015

#SPJ4

3 0
2 years ago
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