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4 years ago

Compared to a market with perfect competition, a monopoly often has _____.answer.com

Business

2 answers:

Artist 52 [7]4 years ago

6 0

The answer would be, higher prices and fewer goods.

rodikova [14]4 years ago

6 0

Answer: The answer is higher prices and fewer goods.

Compared to a market with perfect competition, a monopoly often has higher prices and fewer goods.

Explanation:

A monopoly market refers to a market with a single buyer selling a unique product. The seller is the sole seller of goods with no close substitute. In a monopoly market, the seller has or posses government license, ownership of resources, copyright and patent and high starting cost which makes the seller a single seller of the goods. All these, restrict the entry of other sellers in the market. Monopolies have some information that is not known to other sellers.

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What are the seven steps in the offering development process?What are the key activities in each step?

daser333 [38]

1. Idea Generation: the basic idea is created and described
2. Idea Screening: the costs, profits and potential sales of the offering are calculated at different price levels
3. Feature Specification: detailed specifications for the product are developed
4. Development: the actual offering is created
5. Testing: the offering is tested
6. Launch (commercialization): offering is made available to consumers
7. Evaluation: offering is evaluated

4 0

3 years ago

Financial statement data for years ending December 31 for tango company follow

maxonik [38]

The inventory turnover for Tango company are: 4.8, 5.3.

<h3>Inventory turnover</h3>

Using this formula

Inventory Turnover = Cost Of Goods Sold / ((Beginning Inventory + Ending Inventory) / 2)

20Y7

Inventory Turnover =$3,864,000 /($770,000+$840,000)/2

Inventory Turnover=$3,864,000/$805,000

Inventory Turnover=4.8

20Y6

Inventory Turnover = $4,001,500 /($740,000+$770,000)/2

Inventory Turnover= $4,001,500 /$755,000

Inventory Turnover=5.3

Therefore the inventory turnover for Tango company are: 4.8, 5.3.

The complete question is:

Financial statement data for years ending December 31 for tango company follow

20Y7 20Y6

Cost of goods sold $3,864,000 $4,001,500

Inventories:

Beginning of year 770,000 740,000

End of year 840,000 770,000

Determine the turnover for 20Y7 and 20Y6.

Learn more about inventory turnover here:brainly.com/question/18914383

#SPJ1

8 0

2 years ago

What does the region between the lines to the left of the break-even point represent? A. The number of riding mowers that must

JulsSmile [24]

Answer:

B. The loss when x riding mowers are manufactured.

Explanation:

The Left shade of the break-even point on the Cost Volume Profit (CVP) Chart, shows the Loss incurred. This is because the Total Revenue Line is below the Total Cost Line(Fixed Costs + Variable Cost). So any number of units manufactured in this area provides a loss.

7 0

3 years ago

Activities of a central motor pool that provides and services vehicles for the use of municipal employees on official business s

Neko [114]

Answer:

c. Internal Service Fund

Explanation:

Internal Service Fund -

It refers to the sum of amount required to track the motion of any goods and services from one department to another , is referred to as internal service fund .

The amount spend on the internal service fund is used to determine the complete cost of providing the services and goods .

For example , maintenance is an example of the internal service fund .

Hence , from the given information of the question ,

The correct answer is c. Internal Service Fund .

4 0

4 years ago

Using the following information:

Bond [772]

Answer:

$9,000

Explanation:

As for the information provided,

Current allowance for bad debts = $35,000

Expected year end allowance = $40,000

Bad Debt written off = $4,000 during the period.

While writing off entry shall be:

Allowance for bad debts A/c Dr. $4,000

To Accounts Receivables $4,000

This will simply reduce the balance of allowance by $4,000

Effective balance = $35,000 - $4,000 = $31,000

As the allowance account balance is credit in nature.

Now desired year end balance = $40,000

For this entry shall be:

Bad Debt Expense A/c Dr. $9,000

To Allowance for Bad Debts $9,000

The amount is calculated as follows:

Desired amount of allowance - Balance in allowance.

$40,000 - $31,000 = $9,000

5 0

3 years ago