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Ashford
Introduction to transportation management
week 2
MGT 325 Week 2 Quiz

MGT 325 Week 2 Quiz

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1) Under transportation regulation, the amount found in a Tariff as payment to a carrier for performing a given transport service is called a: 2) What is the difference between pure competition and monopolistic competition? 3) What is one of the service characteristics of the trucking industry? 4) What is the primary division between motor carriers? 5) The decision as to terminal location: 6) What are some of the problems which the use of Common Costs raises for Cost of Service Pricing, particularly the Average Cost approach? 7) What does most of the of the trucking industry consists of? 8) A profit-maximizing oriented carrier will not set a price in the long-run that would: 9) The firm is in a decreasing cost industry, and its prices are based upon strict marginal costs. The firm experiences a loss. In this case, for the firm to recover its fixed costs, it must use marginal cost as a floor for its prices, and: 10) Which agency within the Department of Transportation governs specifications of trucks such as number of lights, tires and other operating parts?

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