The Table Below Shows the Approximate Value of Canada's Crude

question 117

Multiple Choice

The table below shows the approximate value of Canada's crude oil and natural gas exports over a 5-year period.The amounts shown are billions of dollars.
TABLE 2-7
-Refer to Table 2-7.Assume that 2009 is the base year,with an index number = 100.What is the index number for the value of natural gas exports in 2012?

• A)0.59
• B)59.4%
• C)5.3
• D)59.4
• E)-5.3

Explain the implications of monopolies on pricing strategies and output decisions.

Understand legal barriers to entry and their impact on monopoly power.

Analyze the differences between the demand curves and marginal revenue curves of monopolists and perfect competitors.

Describe the limitations on monopoly power and the effects of substitute availability.

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Definitions:

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A common cancer in men, originating in the prostate gland, often characterized by difficulty in urination and the need for frequent urination.

Death Rates

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Inherent Risk Factor

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Advancing Age

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