Use the Trapezoidal Rule to Approximate with N =

question 164

Multiple Choice

Use the Trapezoidal Rule to approximate with n = 6. Round your answer to two decimal places. ​

• A) 97.49
• B) 28.40
• C) 40.70
• D) 18.22
• E) 48.74

---

Definitions:

Natural Monopoly

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

Economies of Scale

Economies of scale occur when increasing the production scale leads to a decrease in the long-term average costs, often due to more efficient use of inputs.

Exclusive Franchise

A legal agreement granting one party the sole right to sell or distribute a company's products or services in a particular market area.

Conglomerate Merger

involves the combination of firms that operate in unrelated business areas, aiming for diversification and reduced business risk.