Answer:
d. Many firms are working together to eliminate pollution
Explanation:
Coase theorem is a private solution for the two parties who agree to reduce externalities, i.e., pollution. They negotiate in such a manner that the costs are low as one party takes over other party's polluted assets to reduce pollution. When there are more parties or firms involved to eliminate pollution, it will pose high transaction costs. Therefore, the Coase theorem will not work in that case. So, the option "D" is the correct choice.
Answer:
The answer is: B) purchase records are not maintained.
Explanation:
There are two methods for estimating inventory costs:
- Gross Profit Method
: uses the information from the income statement. If operating conditions remain similar, the proportion between total sales, profits and COGS should be similar (lets say profit is 30% and COGS is 70% of total sales). You can estimate your inventory costs by using the information on total sales.
- Retail Method: It is used mostly by merchandising firms (retailers) that have consistent mark-ups. You have to determine the proportion between cost and retail price (lets say the COGS is 80% of the retail price). Then if you are given the retail inventory, you can determine the COGS using the proportion determined previously.
A sample savings plan for a college student based on the given requirements would be:
- Daily savings: $500
- Weekly savings: $3,500
- Monthly savings: $14,000
- Yearly savings: $168,000
- It would 6 months of saving to get $84,000
<h3>What is a Savings Plan?</h3>
This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.
Hence, we can see that the useful information to be used is:
(Yearly)
- College fees: $30,000
- Housing: $24,000
- Food: $16,000
- Books: $12,000
- Total: $82,000
Read more about savings and budget here:
brainly.com/question/25817705
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Answer:
barriers to entry in monopoly but not in monopolistic competition.
Explanation:
Imagine a situation where a monopolistically competitive firm is doing very well and is able to earn economic profit (profits higher than normal) in the short run. Since this company is earning higher than normal profits, other companies will enter the market and start competing against them hoping to get a piece of that abnormally high gain. As more competitors enter the market, economic profits will start to decrease until finally they are eliminated.
Since monopolies do not face competition, they can earn economic profits in the long run.
