<span>Quite a number of private health insurance companies have expended
huge sums of money in a bid to prevent a pending bill before the Kansas state
legislature from being passed into law. This bill advocates that the state should
be the only payer of health care bills by prohibiting private establishments
from selling health insurance. The action of these private health insurance
companies is an example of rent-seeking behavior.</span>
Answer:
Macro environment
Explanation:
The macro environment refers to external factors of the organization that can affect its performance and results. For a company it is important to study this factors to know the environment in which it is going to work and be able to develop strategies and goals that adjust to this.
Compared to a perfectly competitive firm, the demand schedule of a monopolistically competitive firm faces <u>downward-sloping demand curves</u>.
A monopolistic market is a theoretical situation that describes a marketplace in which only one agency might also provide products and services to the public. A monopolistic market is the other of a perfectly competitive marketplace, in which an endless variety of companies function.
Monopolistic opposition exists while many businesses offer competing products or services which might be similar, but not best, substitutes. The barriers to access in a monopolistic competitive industry are low, and the choices of anyone firm do now not directly have an effect on its competition.
A monopoly has management over the supply of the product but though it can are seeking to influence the demand, it does not have management over it. In truth, a monopoly has to make a preference. it may set the price, but then it has to just accept the extent of income, consumers is prepared to buy at that fee.
Learn more about monopoly here: brainly.com/question/13113415
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Answer and Explanation:
a. The Journal entries are shown below:-
Investment - Capital stock Dr, $51.5 million
To Cash $51.5 million
(Being investment is recorded)
Unrealized holding gain or loss Dr, $15.5 million ($51.5 - $36.0)
To Fair value adjustment $15.5 million
(Being fair value adjustment is recorded)
b. Unrealized holding gain or loss Dr, $5.5 million ($51.5 - $30.5 - $15.5)
To Fair value adjustment $5.5 million
(Being fair value adjustment before sale is recorded)
Cash Dr, $30.5 million
Unrealized holding gain or loss Dr, $21 million
To Investment - Capital stock $51.5 million
(Being sale of investment is recorded)
