For a Single-Server Queuing Model, the Utilization Factor $\lambda$ $\mu$ Has to Be:
A) Less Than One

question 31

Multiple Choice

For a single-server queuing model, the utilization factor $\lambda$ / $\mu$ has to be:

• A) less than one.
• B) equal to one.
• C) greater than one.
• D) less than or equal to one.

---

Definitions:

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition based on quality, price, and brand.

Oligopoly

An oligopoly is a market structure in which a few firms dominate the industry, leading to limited competition.

Average Total Cost

Total cost divided by the quantity of output

Marginal Cost

Additional costs associated with the production of one more unit of a product or service.