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timama [110]
3 years ago
14

Suppose Amanda owns the only restaurant in town that serves hamburgers. Other restaurants serve tacos​, fried chicken​, and pizz

a. Suppose that in the long​ run, Amanda​'s restaurant continues to be the only one in town selling hamburgers. If Amanda is breaking even​, ​then, under the broad​ definition, is Amanda​'s restaurant a​ monopoly?
Social Studies
1 answer:
ad-work [718]3 years ago
7 0

Answer: No, Amanda's restaurant is not a monopoly.

Explanation:

What is a monopoly?

Definition: a monopoly is a business that is the only one selling a unique product in the market. Underline a UNIQUE PRODUCT which means it is a product that can not be easily substituted by another product in that market.

Usually Monopoly businesses hold much high confidential information about the business that is not easily accessible to other businesses such as government licence.

The products sold by the other restaurants next to her are a good substitute of hamburger if supposedly Amanda were to raise the Hamburger price ,it would be easy for people to leave her hamburgers and go for pizza or tacos from the other restaurants.

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Explanation:

This is a costing system that works by allocating costs to different cost items based on the activity level of these items. This as opposed to traditional costing methods, assigns indirect or overhead cost to products or services less arbitrarily through identifying products or services with most activity or less activity and allocating costs to them based on this measurement.

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If you estimated the length of the bottom line perfectly on every trial, the error percentage for each trial would be:_________
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If you estimated the length of the bottom line perfectly on every trial, the error percentage for each trial would be (A) 0%

If one makes an accurate calculation of how long the bottom life will last, the percentage of error will likewise be zero.

This is further explained below.

<h3>What is the percentage of error?</h3>

Generally, The difference that exists between an exact value and an estimate of that value is referred to as the approximation error in a data value.

Both an absolute mistake and a relative error are viable ways to describe this particular issue.

In conclusion, If you were able to predict the length of the bottom line with absolute precision on each and every try, the error percentage for each and every try would be (A) 0%.

If one makes an accurate calculation of how long the bottom life will last, the percentage of error will likewise be zero.

Read more about the percentage of error

brainly.com/question/4170313

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complete question

If you estimated the length of the bottom line perfectly on every trial, what would the error percentage be for each trial?. 0% 100% 50% 10%

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