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Answer the following questions appropriately. Fill in the blanks: Monopolies operating in perfectly markets are in danger of being out of the market by new

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Answer the following questions appropriately.

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Fill in the blanks: Monopolies operating in perfectly markets are in danger of being out of the market by new firms. As a result, they will keep prices _, make profits and produce as as possible.A multiple decrement table that allows for age retirements and deaths between the ages of 61 and 63 is as follows: Age (al) , (ad), (ad) 61 10.000 1,291 494 62 8,215 1.471 662 63 6.082 (ad)" refers to the number of retirements, and (ad), to the number of deaths between the ages of x and x + 1. Retirements and deaths occur uniformly over each year of age in the multiple decrement table. Following improvements in the mortality experience, it is decided to construct a new table with the independent rates of mortality reduced by 40%. Construct the new multiple decrement table. [7]

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