Engineering Economics
Perfect monopoly exists only if:

the single vendor is the only one who has the knowledge of the product
the single vendor gets the absolute franchise of the product
the single vendor is the only one who has the permit to sell
the single vendor can prevent the entry of all other vendors in the market

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Engineering Economics
The financial analysis:

Helps a share holder to compare the expected return on his investment in the firm against the expected return from other alternative investment
Helps a bank to know the financial position of the firm for granting a loan to the firm
Helps to judge the success of the firm's financial plans
All of these

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Engineering Economics
Which one of the following questions is relevant to the construction estimates?

All of these
Did the estimators precisely evaluate site conditions
How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost
Did the estimators use short cut methods which may be unrealistic in their situation

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