Change the Fraction to a Mixed Number in Simplest Form $\frac { 87 } { 14 }$

question 406

Multiple Choice

Change the fraction to a mixed number in simplest form. $\frac { 87 } { 14 }$

• A) \(5 \frac { 3 } { 14 }\)
• B) \(6 \frac { 3 } { 14 }\)
• C) \(5 \frac { 3 } { 28 }\)
• D) \(6 \frac { 3 } { 28 }\)
• E) \(8 \frac { 3 } { 28 }\)

Recognize the factors leading to the emergence of monopolies and how they can maintain their monopoly power.

Identify the role of barriers to entry in maintaining a firm's market power.

Discuss the impact of economies of scale on market structures and firm size.

Explain the purpose and effects of patents, licensing, and regulatory barriers on competition and innovation.

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Definitions:

Standard Deviation

A statistic that measures the amount of variation or dispersion of a set of values from their mean.

Homeowner's Policy

An insurance policy that provides coverage for damage to one's home and belongings inside, along with liability for accidents that occur on the property.

Annual Profit

The financial gain made by a business over the course of a year, calculated as total revenue minus total expenses.

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.