Find the Sum of the Terms in the Geometric Sequence $4 , \frac { 4 } { 5 } , \frac { 4 } { 25 } , \frac { 4 } { 125 } , \ldots$

question 28

Multiple Choice

Find the sum of the terms in the geometric sequence.
- $4 , \frac { 4 } { 5 } , \frac { 4 } { 25 } , \frac { 4 } { 125 } , \ldots$ . .

• A)5
• B) \(\frac { 24 } { 5 }\)
• C)4
• D) \(\frac { 4 } { 5 }\)

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Definitions:

Control Over Price

The ability of a person or organization to influence the price at which goods or services are sold.

Contestable Market

A market structure where there are no barriers to entry or exit, ensuring that prices remain competitive even in the absence of a large number of sellers.

Minimum-cost Production

A principle in economics where goods and services are produced at the lowest possible cost, maximizing efficiency and resource use.

Normal Profit Rate

Zero economic profit, providing just the competitive rate of return on the capital (and labor) of owners. An above-normal profit will draw more entry into the market, whereas a below-normal profit will lead to an exit of investors and capital.