Which One of the Following Is a Correct Method for Defining

question 111

Multiple Choice

Which one of the following is a correct method for defining and initializing an integer variable with name value?

• A)int value = 30;
• B)Int value = 30;
• C)int value = .30;
• D)Int value = .30;

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Definitions:

Monopolist

A monopolist refers to a single supplier in a market who has significant control over the market price of a product or service due to the lack of competition.

Marginal Revenue

The incremental revenue obtained from the sale of an additional unit of a product or service.

Natural Monopoly

A market situation where a single firm can supply a product or service at a lower cost than any potential competitor, often due to economies of scale.

Substitutes

Alternative goods or services that can satisfy the same needs as another, often leading to a choice between the two based on price, convenience, or preference.