A pure-monoply means that a company does not have to compete with other producers within the market. Since they aren't competing with a good or service, they aren't competing with each others customers either. When a company does not have to compete on price/customers they may end up being greedy and have market failure. 
        
             
        
        
        
Answer:
$582,100
Explanation:
Cost of land                  $570,000
Less;Salvage parts sold ($23,000)
Demolition of old building   $33,000
Land preparation and leveling $2,100
Total cost of land                       $582,100
The ground breaking ceremony expenses are not capital expenditures therefore ignored in above working.
 
        
             
        
        
        
A paying any taxs that are due on the estate
        
                    
             
        
        
        
Answer:<em> </em><em>Therefore, the cost of preferred stock is </em><em>17.72%.</em>
Given: 
Selling price (preferred stock) = $21
Annual dividend = 3.5% 
Flotation costs = $1.25 
We can compute the cost of preferred stock as:

Cost of preferred stock = 3.5 / ($21 - $1.25) 
Cost of preferred stock = 17.72%
<u><em>The correct option is (b)</em></u>