Answer : true.
Monopoly is market structure with one seller sells products which have no close substitutes. Why monopoly had only one seller. It is because
1. Ownership of unique raw material or production technique. Thus this product can only be produced using unique rawmaterial or with unique production technique, which is possessed only by this monopolist. No other producer cannot produce similar product. Hence this commodity has no close substitute.
2.Patent rights.
Patent rights allows only monopolist to produce and sell this commodity hence restrict others to product similar product.
3.Government licensing: In the case of public utlities, government provides license to the company which supply product at least cost. Thus non-license firm cannot produce this commodity.
Thus Product deals with monopolist do not have close substitute. Thus buyers cannot easily substitute monopolits's commodity.
n 3 of 40 > Buyers cannot easily substitute other products for those sold by a...
If n<30, we cannot perform a hypothesis test for Ho:p = 0.5. O True O False
Porter Five Forces in a figure for McDonald's current: 1. The threat of new entrants 2. The bargaining power of buyers 3. the bargaining power of supplies 4. the threat of substitute products and services 5. the intensity of rivalry among competitors in an industry
Question 3 While physical products can be imported and exported, intangible services cannot be exported because they are not quantifiable. Not yet answered Marked out of 2 P Flag question Select one: O True O False Question 4 A domestic firm that operates exclusively within the borders of its own nation is unaffected by international business. Not yet answered Marked out of 2 Select one: O True P Flag question 0 False Question 5 The tern FDI stands for Not...
Sparky Corporation sells 3 different products. Information about those products is as follows: Product A Product B Product C Selling Price $ 40 $ 30 $ 20 Variable Cost $ 35 $ 10 $ 15 % of Sales 10% 20% 70% Fixed Costs are $130,000. How many units of Product B must be sold at breakeven? 0 16,250 units 1,625 units 0 6,500 units O none of the choices are correct O 11,375 units O 3,250 units
1- Consider a monopolistic market where the government has decided to implement lump-sum tax. Which of the following are true? Select all that apply. The monopolist loses profit. The government gains revenue. The monopolist is forced to reduce their prices. The monopolist is forced to sell less products. 2-Consider a monopolistic market where the government has decided to implement lump-sum tax. Which of the following are true? Select all that apply. The monopolist loses profit. The government gains revenue. The...
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2. (10 points) Let (%)n>o be a simple symmetric random walk. Compute P(Sn-y|S,n-x) for the two cases n > m and n < m
Find the standardized test statistic t for a sample with n=25,x=37, s-3, and ?=0.005 if H1 : ?>36. Round your answer to three decimal places. OA 1.667 O B. 1.452 O C. 1.239 OD. 1.997
Select the correct answer. What is the error in the followincode? if(valuel > 3) && if(value2 > 4) System.out.println("true"); else System.out.println("false"); O A. The else statement should be followed by an if statement. B. The System.out.println statements should have () around them. c. if cannot be followed by an else. D. The if statement should be if((value1 > 3) && (value2 > 4)). E. Conditional expressions should be wrapped in <> instead of ().
Question Completion Status: Save ar -> Click Submit to complete this assessment. Question 3 2 points A carbon nanotube could possess strength and stiffness properties exceeding those of steel, and it can be a conductor of electricity or a semiconductor True False O > Click Submit to complete this assessment Save an SUS
Code in R
Part 1. a) Run the following lines: n<-30 x<-matrix(rnorm(n * 1000), 1000,n) xL,1:3]<-xl,1:3]*10 y<-1+matrix(rnorm (n * 1000), 1000, n) Note: the samples in "x" are contaminated. b) Conduct 1000 two-sample two-sided t-tests for the associated rows of "xand "". (e.g., for the first test, the two samples are "x[1," and "y[1,]", for the second test, the two samples are "x[2," and "y[2,1",etc.). Calculate the total number of rejections of the 1000 tests. (Use significant level a =...