Contracting is a better arrangement for operating an electricity market than is a spot market
Indicate whether the statement is true or false
F Such a general statement is not possible, because sometimes contracting is better and sometimes a spot market is better.
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Jane is a dietician in a city that twenty years ago voted to restrict the number of dieticians in the city to five and to regulate their prices
Although the city has tripled in size during that time (and thus demand has increased), no new dietician licenses have been issued. Over the years Jane and the other license holders have begun offering a wide variety of perks to their clients to maintain market share. It is clear that the initial restriction on licenses gave Jane a _____. a. monopoly b. transitional gain c. transitional loss d. sense of security
In order to understand when a model may not be accurate, which is not an important action to take?
A. Make sure assumptions made in the model are clear and accurate. B. Make sure the model all includes all possible details. C. Test the model for accuracy. D. Identify what important details were omitted when developing a model.