Considering the situation described above, the alternative view about why it may make sense to tolerate the existence of some monopoly firms is that "Monopolies do reduce consumers surplus by producing less and charging more than the outcomes that would occur in a competitive market, but at times it makes sense to sacrifice some efficiency.
This can be illustrated in a situation whereby certain goods or services may not be available except through the chance of earning monopoly profits. This occurs whereby a patent ensures there are incentives for research and development.
In some other cases, it is more ideal if good is produced by a monopolist rather than by multiple producers due to the large fixed costs in production; thereby, with more profits, the price of products would reduce in the long run.
Hence, in this case, it is concluded that there are situations whereby Monopoly is necessary to provide goods and services for the people in a society.
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Answer:
Cash 24,900 debit
Account Receivable 51,800 debit
Franchise fee revenue 74,700 credit
training services revenue 2,000 credit
Explanation:
The training services and the francise fee are separated revenues, so we have to use diferent account.
we are only given with the information of a initial payment, so the difference will part of account payable.
No information about the training being paid in cash, so we also assume this services were performed on account.
Answer:
The answer is letter B.
Explanation:
Determine depreciation expense for the full year and then prorate the expense between the two periods involved.
Answer:
I learned how to do basic math and now I can do algebra
Explanation:
