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Vladimir79 [104]
3 years ago
15

A monopoly is a market that has--

Business
2 answers:
expeople1 [14]3 years ago
4 0

Answer: The answer is a single supplier of a good or service.

A monopoly is a market that has a single supplier of a good or service.

Explanation:

A monopoly market is a market where there is single seller selling a special or unique product. The seller has no competitor because he is the only seller of the products with no close substitute. In a monopoly market, the seller can restrict output, increase prices and enjoy normal profits.

Dovator [93]3 years ago
3 0

The answer is D, A single supplier of a good or service.

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Assume real per capita GDP in West Swimsuit is $10,000 while in East Quippanova it is $2,500. The annual growth rate in West Swi
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Answer:

correct option is B. about 30 years

Explanation:

given data

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annual growth rate = 2.33%

real per capita GDP east = $2,500

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to find out

How many years will it take for East  to catch up GDP of West

solution

we know here that future value is equal to real GDP of west after time  will be

future value = real per capita GDP west × rate^{t}

future value = 10000 × (1+0.0233)^{t} .....1

and

future value = real per capita GDP east × rate^{t}

future value = 2500 × (1+0.07)^{t} .....2

compare equation 1 and 2

10000 × (1+0.0233)^{t}  = 2500 × (1+0.07)^{t}

4 (1.0233)^{t}  =  (1.07)^{t}

t = about 30 years

so correct option is B. about 30 years

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