1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
At a large department store, the number of years of employment for a cashier is a normally distributed variable with a mean of 5
Yakvenalex [24]

Answer:

0.0084

Explanation:

For this probability problem, we will have to make use of the normal probability distribution table.

to use the table, we will have to compute a certain value

z = (x- mean) /Standard deviation

z = \frac{(10 - 5.7)}{1.8} = 2.39

Probability he has worked in the store for over 10 years can be obtained by taking the z value of 2.39 to the normal probability distribution table to read off the values.

<em>To do this, on the  "z" column, we scan down the value 2.3. we then trace that row until we reach the value under the ".09" column. </em>

This gives us 0.99916

Thus we have P (Z < 2.39) = 0.9916

We subtract the value obtained from the table from 1 to get the probability required.

1 - 0.9916 = 0.0084

The Probability that the employee has worked at the store for over 10 years = 0.0084

4 0
3 years ago
You decide to purchase an equal number of shares of stocks of firms to create a portfolio. If you wished to construct an index t
Bond [772]

Answer:

Price weighted index

Explanation:

A price weighted index is an index used in stocks where each company that is part of the index makes up a fraction of the total, and is proportional to its price per share.

Higher weight is given to sticks that have higher prices.

Rice weighted index is a good way to track track portfolio performance that best match for your portfolio.

3 0
3 years ago
A disadvantage to joining a family business is that _____.
miv72 [106K]
A disadvantage to joining a family business is that: c. one individual must take on all of the financing responsibilities.
Another disadvantage are you can feel trapped, you have no oppurtunity to advancement.

hope this help
4 0
3 years ago
Read 2 more answers
_____ is the process of planning and controlling the development of a system within a specified time frame at a minimum cost wit
Ilia_Sergeevich [38]

Answer:

A. Project management

Explanation:

It helps by identifying the plans and estimating the minimal possible time and cost needed to complete a project or development

8 0
3 years ago
Introduction to Early Childhood
Ipatiy [6.2K]

C is the right answer because since the National Association for the education of young children has to respect and support their colleagues

7 0
3 years ago
Other questions:
  • Kellogg’s froot loops cereal comes in six fruit flavors: orange, lemon, cherry, raspberry, blueberry, and lime. charise poured o
    11·1 answer
  • In the as/ad model, an expansionary monetary policy has the greatest effect on the price level when it
    15·1 answer
  • During the year, Cheng Company paid salaries of $24,000. In addition, $8,000 in salaries has accrued by the end of the year but
    15·1 answer
  • 250 college students were surveyed about if they liked the food choices offered by the cafeteria. 140 people said that they did
    8·1 answer
  • Below are three independent and unrelated errors. On December 31, 2017, Wolfe-Bache Corporation failed to accrue office supplies
    13·1 answer
  • In​ long-run equilibrium, all firms in the industry earn zero economic profit. Why is this​ true? All firms in perfectly competi
    11·1 answer
  • A farmer grows squash in his 100 by 100 foot garden. He then sells the crop at the local farmers' market. Two summers ago, he wa
    9·1 answer
  • Which of the following terms refers to a regulatory agency that seems to serve, rather than oversee, the interests it monitors?
    13·1 answer
  • An entrepreneur can best be characterized as someone who
    7·2 answers
  • A profit maximizing monopoly's price is
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!