Engineering Economics
What refers to the present worth of cost associated with an asset for an infinite period of time?

Annual cost
Increment cost
Capitalized cost
Operating cost

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Engineering Economics
Perfect monopoly exists only if:

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

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