A monopoly usually has all kinds of social costs. Price under monopoly is more than marginal cost, which also often means that society does not have the economic capacity.

In monopoly business, resources are usually used less and other businesses use more resources, which is why monopoly business is usually associated with social interests.

Monopoly businesses produce fewer goods but charge more on those goods because they are the sole producers of the services or goods they produce, so all three options are correct

4 0

3 years ago

Walter opens a motorcycle repair shop where he will not only repair motorcycles, but will also offer custom paint jobs, accessor

beks73 [17]

Make a profit...............

5 0

3 years ago

The following are the transactions of Morrell Corporation: Morrell Corporation disposed of two computers at the end of their use

coldgirl [10]

Answer:

journal entries are given below

Explanation:

given data

computers cost = $4,740

Accumulated Depreciation = $4,740

disposal = $3,480

solution

journal entries are

S.No. Accounting Titles Debit Credit

a. Accumulated depreciation 4,740

Computer 4,740

b. Accumulated depreciation 3,480

Loss on disposal 1,260

Computers 4,740

3 0

3 years ago