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3 years ago

Identify one advantage and two disadvantages of a monopoly.

1 answer:

5 0

A monopoly is like a patent; It's good if you own one because you can control something and be the only person who makes money off of it.
It's bad because it defeats competition between other competing companies, and prices will go up
It's even worse when you consider what would happen if a dozen people or two monopolize the whole world. Then no one else would make money
Hope this helps!

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3 years ago

Read 2 more answers

Identify each statement as either true or false. In the United States, banks keep the entire value of all customer deposits in t

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Answer:

In the United States, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals. FALSE.

Banks keep only a portion of the customer deposits in the bank vault. A small portion is kept with the Fed called the Reserve Requirement.

Banks typically loan out a portion of customer deposits. TRUE.

Banks only loan out the portion of customer deposits that they did not leave with the Fed.

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When too many people try to withdraw from a bank, the bank might not meet these obligations because they loaned out money to people and those people were not yet due to pay back. This is a bank run.

The Federal Deposit Insurance Corporation (FDIC) protects bank depositors from bank failure. TRUE.

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3 years ago

Red Barchetta Co. paid $27,860 in dividends and $28,815 in interest over the past year. During the year, net working capital inc

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Cash flow from assets is also known as cash flow from investment activities.

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3 years ago

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3 years ago

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Answer:

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3 years ago