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3 years ago

Monopolies are bad; patents give firms monopoly;therefore, patents are bad. true of false? why?

1 answer:

4 0

The answer is true. A monopoly is where a company, a group or individual has the power of controlling or possessing supply or trade while patent is where the government provides authority or license. If the monopoly is considered to be bad, the patent will also be bad as it is associated with a particular thing that has a purpose of doing bad since a patent is the agreement, the patent is likely to allow the monopoly do something that is bad or illegal as monopoly has the purpose of doing something bad.

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Answer the question on the basis of the following data for the hypothetical nations of Alpha and Beta. Qs is domestic quantity s

bezimeni [28]

Question Completion:

Domestic Market for Steel, Alpha

Qs P Qd

60 5 10

40 4 20

30 3 30

20 2 40

10 1 50

Domestic Market for Steel, Beta

Qs P Qd

80 5 20

70 4 30

60 3 40

50 2 50

40 1 60

Answer:

Assuming that Alpha and Beta are the only two nations in the world, at the equilibrium world price:

Beta will export steel and Alpha will import steel.

Explanation:

a) Data and Calculations:

Domestic and World Market for Steel

Alpha Beta World Market

Qs P Qd Qs P Qd Qs P Qd

60 5 10 80 5 20 140 5 30

40 4 20 70 4 30 110 4 50

30 3 30 60 3 40 90 3 70

25 2.50 35 55 2.50 45 80 2.50 80

20 2 40 50 2 50 70 2 90

10 1 50 40 1 60 50 1 110

b) In the world market, equilibrium will occur at a price of $2.50, when the quantity supplied and demanded will be 80. At this equilibrium price of $2.50, Alpha will supply 25 units, and Beta will supply 55 units. Alpha will demand 35 units, and Beta will demand 45 units. This implies that Beta will supply more than its demand for steel, while Alpha will supply less. Therefore, Beta will export steel and Alpha will import steel.

4 0

3 years ago

Brainliest + Points! Please explain

svetoff [14.1K]

it is the down payment

3 0

3 years ago

Oil Products Company purchases an oil tanker depot on January 1, 2017, at a cost of $600,000. Oil Products expects to operate th

anzhelika [568]

Answer:

The Journal entries are as follows:

(i) On January 1, 2017

Plant Assets A/c Dr. $600,000

To cash $600,000

[To record the depot]

(ii) On January 1, 2017

Plant Assets A/c Dr. $41,879

To To Asset retirement obligation $41,879

[To record the Asset retirement obligation]

Missing information: Based on an effective-interest rate of 6%, the present value of the asset retirement obligation on January 1, 2017, is $41,879.

4 0

3 years ago

Vandy Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance

Burka [1]

Answer:

See below the statement of Cash flow from Vandy Corporation.

Explanation:

Vandy Corporation

Statement of Cash Flow

CASH FLOW FROM OPERATING ACTIVITIES:

Net Income $104

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation on Fixed Assets ($349-$319+$12) $42

Gain on Sale of Equipment ($16)

(Increase) Decrease in Current Assets:

Accounts Receivables $12

Inventory $2

Increase (Decrease) in Current Liabilities:

Accounts Payable ($1)

Accrued Liabilities ($1)

Income taxes payable $4

Net Cash provided by Operating Activities $146

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of Equipment $18

Purchase of Property, plant and equipment ($684-$550+$14) ($148)

Net Cash Flow from Investing Activities ($130)

CASH FLOWS FROM FINANCING ACTIVITIES:

Bonds Payable $13

Issuance of Common Stock $1

Payment of Dividends ($28)

Net Cash from Financing Activities ($14)

Net Increase (Decrease) in Cash $2

Opening Cash Balance $29

Ending Cash Balance $31

6 0

3 years ago

An oligopoly exists when a firm offers a product that has no close substitutes, making the firm the sole source of supply.

Mademuasel [1]

Answer:

B) False

Explanation:

That would be a monopoly (only one supplier).

An oligopoly is a market where there are very few suppliers, and competition is very limited since the barriers to entry are very significant.

For example, the automobile industry is an oligopoly. There are only a few car manufacturers in the world, and they all are very large corporations. It costs hundreds of millions of dollars to introduce a new car model, and every time that happens, the corporations must carry on expensive advertising and promotional campaigns.

4 0

3 years ago