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Solve the problem.
-For a cone, the formula describes the relationship between the radius of the base, the volume , and the height . Find the volume if the radius is 3 inches and the cone is 4 inches high. (Use as an approximation for , and round to the nearest tenth.)
Monopolist
An individual or entity that is the sole provider of a particular product or service in a market, enabling control over prices.
Profits
The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.
Markets
Places or systems where buyers and sellers engage in exchange of goods, services, and information.
Third-Degree Price Discrimination
A pricing strategy where a seller charges different prices to different groups of consumers for the same product, based on varying demand elasticity.
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