Write a Program That Will Input Some Number of Cents

question 39

Essay

Write a program that will input some number of cents (less than 100) and output the number of quarters, dimes, nickels and pennies needed to add up to that amount.

Differentiate between monopoly and perfect competition in terms of pricing, output, and market power.

Recognize the role of scarce resources, technology, and scale economies in the formation of monopolies.

Understand the concept of natural monopolies and recognize examples in the economy.

Identify and understand barriers to entry in monopoly markets.

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Definitions:

Conditional Contract

An agreement where the obligations or terms are only to be fulfilled if certain conditions are met.

Condition Concurrent

A situation in a contract wherein the parties involved must perform their respective obligations at the same time.

Washing

Typically refers to cleaning something by immersing and agitating it in water or another liquid.

Conditional Contract

An agreement that becomes enforceable only after certain conditions are met or fulfilled.