Find the Nth Term of the Geometric Sequence $$3 , - \frac { 3 } { 5 } , \frac { 3 } { 25 } , - \frac { 3 } { 125 } , \frac { 3 } { 625 }$$

question 104

Multiple Choice

Find the nth term of the geometric sequence.
- $$3 , - \frac { 3 } { 5 } , \frac { 3 } { 25 } , - \frac { 3 } { 125 } , \frac { 3 } { 625 }$$

• A) \(a _ { n } = 3 \cdot \left( - \frac { 1 } { 25 } \right) ^ { n - 1 }\)
• B) \(a _ { n } = 3 \cdot \left( - \frac { 1 } { 5 } \right) ^ { n - 1 }\)
• C) \(a _ { n } = 3 \cdot \left( - \frac { 1 } { 5 } \right) ^ { n }\)
• D) \(a _ { n } = 3 \cdot \left( - \frac { 1 } { 5 } \right) ^ { n + 1 }\)

Identify factors that lead to the formation of monopolies, including natural and government-created monopolies.

Explain how monopolists determine the profit-maximizing level of output and price.

Understand the concept of marginal revenue and how it differs for monopolies compared to competitive firms.

Recognize the impact of monopolies on consumer welfare and market efficiency.

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