Find the Sum Using the Formulas for the Sums of Powers

question 301

Multiple Choice

Find the sum using the formulas for the sums of powers of integers. $\sum _ { n = 1 } ^ { 2 } n ^ { 4 }$

• A)33
• B)17
• C)30
• D)5
• E)9

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Definitions:

Monopoly Markets

Markets dominated by a single seller, leading to less competition and higher prices for consumers.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and fiscal or monetary policies.

Deadweight Loss

The reduction in economic productivity that happens when a good or service does not reach or cannot reach its equilibrium state.

Natural Monopoly

A market condition where a single firm can provide a good or service at a lower cost than any competitors, due to economies of scale.