On a practical note–if we were to study the waiting lines in a hair salon that had only five chairs for patrons waiting, we should use an infinite queue waiting line model

When companies dominate an industry, they may engage in unfair or destructive competition.

a. true b. false

The savings-investment process

a. involves the transfer of business funds to individuals for investing in stocks and bonds b. involves the transfer of business funds to individuals for investing in homes c. involves the transfer of individual savings to the Federal Government. d. involves the transfer of individual savings to business firms in exchange for their securities