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Feliz [49]
3 years ago
15

Explain whether you agree or disagree with the following statement.

Business
1 answer:
butalik [34]3 years ago
7 0

Answer: AGREE

Explanation:

A Monopoly faces no competition and are the only sellers of the product they sell. If firms in an industry successfully engage in collusion, the resultant effect will definitely be not unlike a Monopoly because they will set prices as a single firm, control output as a single firm and essentially run the market as a single firm.

They will sell at a rate where the Marginal Revenue curve will be below the demand curve. This will mean a higher price than a competitive market which was probably the main incentive for collusion.

A recent example would be the collusion between BMW, Daimler and Volkswagen, to hinder technological progress in improving the quality of vehicle emissions in order to reduce the cost of production and maximize profits. Thankfully this was busted by the European Commission in 2019.

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The equipment has an estimated useful life of ten years and an expected salvage value of 20 percent. Gravity Hospital’s December
ch4aika [34]

Answer:

The cost of the equipment when it was acquired on January 1, 2011 is $10000

Explanation:

10000÷5=2000

2000*10=20000

     

20000 80%    

    X 100%  X=25000  

     

25000*20%= 5000 25000-20000=20000  

2011  2000    

2012 2000    

2013 2000    

2014 2000    

2015 2000 10000  

8 0
3 years ago
If financial markets were inefficient,
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3 years ago
Trident Office is considering remodeling the office building it leases to Robert Roberts, CPA. The remodeling costs are estimate
mezya [45]

Answer:

$59,309

Explanation:

Years  Cash flow   PV Factor at 10%   Present value of cash flows

0         225,000                1.00000                    225,000

1          75,000                   0.90909                    68,182

2          75,000                  0.82645                    61,983

3          75,000                  0.75131                       56,349

4          75,000                  0.68301                      51,226

5          75,000                  0.62092                     <u>46,569</u>

Benefit of remodeling project                          <u>$59,309</u>

Note: Year 0 PV factor = 1/(1+10%)^0 = 1

4 0
3 years ago
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<span>meowner’s policy, installing smoke detectors helps to avoid risk. create risk. reduce risk. </span>
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2 years ago
You should indicate that you are available for an interview in which part of a cover letter?
nlexa [21]

Answer: NOT the second paragraph

Explanation: ed 2021

7 0
3 years ago
Read 2 more answers
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