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Elenna [48]
3 years ago
8

the u.s. postal service maintains a monopoly on mail delivery in part through its exclusive right to access customer mailboxes.

which barrier to entry best describes this situation?
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
3 0

Answer:

Government intervention,

Explanation:

because the government (Congress) only allows the U.S. Postal Services to access mailboxes.

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Answer:

X=97.24

Explanation:

PV = Present Value = X+2000 by the 16th years

PMT = Payments = $100

FV = Future Value = 2000 at the end of 16 years

n= number of years

Applying the equation of future value for annuity

FV = pmt* ​((1+r)ⁿ - 1   )/r

Inputting the values;

2000=100*((1+r)¹⁶-1)/r

Solving for r, gives r = 2.9%

Therefore using the formula for PV for annuity;

PV=PMT*(1-(1/1+r)/r)

X=100*(1-(1/1.029)/0.029

X=100*((1-0.9718)/0.029)

X=100*(0.0282/0.029)

X=97.24

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