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3 years ago

A monopoly is most likely to emerge in a market when

Business

1 answer:

Zanzabum3 years ago

5 0

Answer: there is only one producer of a commodity

Explanation: In simple words, monopoly refers to a market structure in which there is only one participant in the market who is making available the commodity to the customers.

Monopoly can arise from a number of factors such as patents rights, new invention etc. Sometimes the govt. of a country finds it suitable to handle a particular industry for the national benefit such as defense.

Although monopolist is the single producer but still he or she cannot charge any price as the rule of price and demand is applies to monopoly also.

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The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory,

user100 [1]

The cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Using this formula

Cost of goods sold=Beginning Inventory+ Net purchases- Ending Inventory

Where:

Beginning Inventory=$32,000

Net purchases=($240,000-$6,000-$10,000+$17,000)=$241,000

Ending Inventory=$40,000

Let plug in the formula

Cost of goods sold=$32,000+$241,000-$40,000

Cost of goods sold=$233,000

Inconclusion the cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Learn more here:

brainly.com/question/15708509

4 0

2 years ago

True/False

Elanso [62]

The answer is FALSE.

Relationship marketing is much important compared to maintaining databases of customer's information for mass marketing. A good relationship to clients can be a good promotion tool and technique compared to sending them promotional ads via email, SMS and social media sites. A word of a mouth is more powerful and personal compared to digital media. If the reputation of the company is good to some clients, then it will create good impression to other potential clients and to the people they know. If the company has a good impression, good attitude employees with good products, it will surely help to the company's revenue.

5 0

3 years ago

A period of macroeconomic expansion followed by a period of economic contraction, and with the cycle repeated all over again

ankoles [38]

Answer:

business cycle

Explanation:

7 0

3 years ago

Read 2 more answers

In the government sector, there is a. nothing comparable to profit and loss that will weed out inefficient activities. b. nothin

Marta_Voda [28]

Answer:

Option D is correct.

All of the above.

Explanation:

In the government sector, there is:

a. nothing comparable to profit and loss that will weed out inefficient activities.

b. nothing comparable to bankruptcy that will bring inefficient programs to a halt.

c. a strong incentive for managers of government agencies and enterprises to expand the size of their government funding.

8 0

3 years ago

Which of the following would be considered to be the most liquid? small time deposits savings deposits checkable deposits money

Nikitich [7]

Answer:

Checking Accounts

Explanation:

Now lets break this down so you can understand more clearly.

Liquidity simply means the ability to convert any asset in to cash easily.

Small Time Deposits: in USA, small deposits are deposits under $100,000 and "small time" means they are generally deposited for a limited time. like a year or for a quarter. They are liquid, but not as much as Checking accounts.
Checking Accounts: The are designed to support in carrying out daily transactions and are almost equal to "money (cash in hand)". No interest is paid on the balance of these accounts. Moreover, you can use Cheques to do transactions as well.
Money Market Mutual Funds: Mutual funds that invest in low risk debt securities such as Treasury Bills and Commercial Papers.
Savings Accounts: These are deposits made in the intention of saving and bears a descent interest rate too. They are highly liquid too, as you can withdraw cash anytime you want. Yet compared with the Checking Accounts, not so much.

But remember, all the things you've mentioned here has a good liquidity. Checking Account is just "Super" liquid.

7 0

3 years ago