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tankabanditka [31]
3 years ago
15

Give an example comparing a perfect competition and a monopoly. Choose a company and discuss the market structure in which you t

hink it operates. Give reasons for your answer.
Business
1 answer:
hammer [34]3 years ago
7 0

Answer:

Perfect competition markets are only theoretical, they do not exist in reality, but some markets resemble them very closely, e.g. agricultural commodities:

  • thousands of farms that produce corn:
  • the product is uniform (it is corn),
  • there are several buyers (although not enough as they should be),
  • information is not perfect, but it is available,
  • and finally, entry barriers exist (farmland is expensive), but a lot of potential investors could overcome them

Generally, the price of agricultural commodities is based on the price set by the Chicago Mercantile Exchange on a daily basis. If one farmer doesn't want to sell their products to Cargill, they can sell them to ADM or some other buyer (even local buyers exist). No producer is large enough to set a price, therefore, they are all price takers. On the other hand, some buyers are large enough to influence the price.

On the other hand, we have any local utilities company that has a monopoly on providing water. If you do not like the utilities company, then unless you have a tanker truck, you are stuck with that company. Monopolies can set the price of their products or services, and that is why most natural monopolies are either government owned or their price is set by the government. As a consumer, your bargaining power against a monopoly is basically nonexistent, maybe if you are part of some type of consumer association you can reach the company, but generally not.

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Shtirlitz [24]

Answer:

The answer is C. Money Laundering

Explanation:

Solution

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Money laundering involves the use of illegally obtained money for legitimate purposes.

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4 years ago
The Sarbanes-Oxley Act requires the ____ to vouch for the truthfulness and fairness of a firm's financial disclosures. a. CEO b.
KatRina [158]

Answer:

The Serbanes-Oxley Act requires the Chief Executive Officer and the Chief's Financial Officer to vouch for the truthfulness and fairness of a firm's financial disclosures.

Explanation:

The CFO being in charge of the firm's financial affairs is saddled with such responsibility while the CEO being the one man at helms of affairs of the company is also responsible for the firm's financial probity,coupled with the fact the CFO may be required to report to the CEO depending on the structure of the firm.

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4 years ago
Montana Furniture Mart sold $120,000 of furniture on June 30 and accepted the customer's $120,000 10% 1-year note payable in exc
ICE Princess25 [194]

Answer:

$6,000

Explanation:

Data given in the question

Sale value of the furniture = $120,000

Interest rate = 10%

So by considering the above information, the interest recorded is

= Sale value of the furniture × interest rate × number of months ÷ total number of months in a year

= $120,000 × 10% × 6 months ÷ 12 months

= $6,000

The six months is calculated from June 30 to December 31 and we considered the same for the above calculation

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3 years ago
Brainliest + Points!
Furkat [3]
It’s C I believe :) I hope this helps you
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Answer:

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