Jin Works in the Technology Department of a Large Company

question 37

Multiple Choice

Jin works in the technology department of a large company, which is in the process of upgrading its computer equipment. Jin should look for all of the following in the computer warranty of his new equipment, EXCEPT: ____?

• A) If it includes software coverage.
• B) On-site repair.
• C) If the warranty applies if the computer is used outside the country.
• D) At least 30 days of free telephone support.

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Definitions:

Natural Monopolist

A company that can provide goods or services at a lower cost than any competitors can, due to economies of scale, often leading to a monopoly in the market.

Natural Monopoly

A scenario in the marketplace where only one company can offer a product or service more affordably than any would-be rival, frequently because of the cost advantages associated with large-scale operations.

Marginal Cost

The change in total cost that arises when the quantity produced changes by one unit; essentially the cost of producing one more unit of a good.

Government Operation

Activities carried out by the government, including regulation, provision of public services, and maintenance of law and order.