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crimeas [40]
3 years ago
12

"Government works to create a competitive marketplace because it believes competition helps markets function well. Yet governmen

t also awards patents, which prevent competition. Why are both competition and the patent system, seemingly working at cross purposes, essential to creating a large economic pie
Business
1 answer:
Mkey [24]3 years ago
7 0

Answer:

The correct answer is that both competition and patent system encourages business owners to grow and develop better in circunstances.

Explanation:

To begin with, a <em>competitive marketplace</em> generates the free entrance from entrepreuners to the market no matter how many other competitors are and it also encourages every company to make their products or services better for the consumers due to the fact that if the do not do that then the other competitors will, therefore that competition makes the best of every party.

Secondly, the <em>patent system</em> does also encourages the business owners and helps the economy because it assures them that no matter how many competitors there are, the product that they invent will be protected by the federal government and the law so they will be free to create something unique and obtain big profits from that.

To sum up, the reason why both the competition and the patent system are essential to creating a large economic pie is due to its capacity of encouraging the business owners to grow and develop.

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Brankovich Company uses a job-order costing system and has the following data available: Beginning Direct Materials Inventory $2
natka813 [3]

Answer:

$84,000

Explanation:

Open a Raw Materials T - Account and find the Ending inventory of Direct Materials as a Balancing Figure as follows :

Raw Materials T - Account

Debit :

Beginning Inventory                                $26,000

Purchases                                               $148,000

Total                                                         $174,000

Credit:

Requisitioned in Manufacturing             $90,000

Ending Inventory<em>(Balancing figure)        </em>$84,000

Total                                                        $174,000

Therefore,  the cost of the ending inventory of Direct Materials is $84,000

4 0
3 years ago
Why does a govemment place price ceilings on some "essential" goods?
Maru [420]
To limit the impact of equilibrium pricing
8 0
3 years ago
Read 2 more answers
Because they can control product price, monopolists are always assured of profitable production by simply charging the highest p
lara [203]
I think it’s False


-TwoTime-
8 0
3 years ago
Fred is the purchasing manager at Marc's Auto Body and places orders for routine products such as office supplies and items need
prohojiy [21]

Answer:

A) ​Straight rebuy

Explanation:

Based on the information provided within the question it can be said that the purchasing process that Fred is using is called a Straight Rebuy. In a business context, this term refers to ordering supplies for the first time or as a reorder from a supplier from an approved list . This list contains suppliers that have been approved due to ease of use, good quality products, or low prices. Which in this case Grainger has all of these traits, which is why Fred prefers them.

8 0
3 years ago
When should an event programing be used
lozanna [386]

Answer:

The utilization of the given topic is summarized throughout the below section.

Explanation:

  • Event-driven programming language shall be used if the software doesn't somehow monitor the sequential order of such occurrence.
  • The software circulation or activity was mostly directly guided to an external mechanism like a consumer or client (e.g. a GUI), a whole other method (e.g. a customer or a server).
4 0
3 years ago
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