The following data shows the price of PAO, Inc. stock over the last 8 months. 
a.Develop a scatter diagram and draw a trend line through the points.
b.What kind of relationship exists between stock price and time (negative, positive, or no relation)?
Definitions:
Deadweight Loss
The diminishing of economic efficiency when equilibrium in the free market for a product or service is not attained.
Benevolent
Showing kindness or goodwill, often characterized by acts of generosity or concern for others.
Monopoly Firm
A business that is the sole provider of a good or service in a market, facing no competition, which can lead to higher prices and inefficiencies.
Barrier to Entry
Factors or conditions that prevent new competitors from easily entering an industry or area of business.
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