Lcm requires to value inventory at the lower of acquisition cost or net realizable value.
Net realizable value = $27 - $1 = $26
Cost = $30
Therefore, it would be valued at $26
Businesses often segment the market based on key demographics such as age, gender, income level or marital status, but they also use more precisely defined categories to target specific groups.
No Espanol English please?
If the market had one supplier that was a monopoly then there would be only one firm operating in the market, with no competition.
In a market, a monopolist tends to charge a price higher and produces fewer units than a competitive market structure. Because of such higher monopoly price, the area of consumer surplus tends to decrease.
The market power of a monopoly affects both consumer and producer surplus as a firm is able to earn positive economic profits, and as it is a monopoly, other firms are unable to enter their market and cannot lead to competition.
Hence, a firm is a monopoly if it can ignore other firms prices.
To learn more about monopoly here:
brainly.com/question/17001862
#SPJ4