The cost structures of a monopoly have the same relationships among fixed costs, variable costs, marginal costs, and average cost values as pure competition.
Profits for the monopolist, like all organization, can be identical to total revenues minus total costs. The sample of costs for the monopoly may be analyzed inside the identical framework because the costs of a perfectly competitive firm—that is, with the aid of using using total cost, fixed cost, variable cost, marginal cost, average cost, and average variable cost.
However, due to the fact a monopoly faces no competition its situation and its choice method will fluctuate from that of a superbly aggressive organization.
<h3>What is Monopoly Price?</h3>
A monopoly price is set by a monopoly. A monopoly occurs when a firm lacks any viable competition and is the sole producer of the industry's product. Because a monopoly faces no competition, it has absolute market power and can set a price above the firm's marginal cost. Since marginal cost is the increment in total cost required to produce an additional unit of the product, the firm can make a positive economic profit if it produces a greater quantity of the product and sells it at a lower price.
Learn more about Monopoly on:
brainly.com/question/7217942
#SPJ4
It is a true statement that Formal Communication follows the practices shaped by the organization through official policies, hierarchy, and technology systems
<h3>What is a
Formal Communication?</h3>
This refers to the flow of an official information through a proper and predefined channels and routes in a firm.
Most times, its follows the practices shaped by the organization through official policies, hierarchy, and technology systems.
Read more about Formal Communication
<em>brainly.com/question/20709778</em>
#SPJ1
Hi, you've asked an unclear question. However, I assume you're referring to levels of college selectivity.
Three levels of selectivity (college selectivity) are:
Most selective
Extremely selective
Very selective
Most selective: Colleges with this level of selectivity are said to accept fewer than 15% of all applicants, examples include, Harvard University, Johns Hopkins University, Stanford University
, Massachusetts Institute of Technology.
Extremely selective: Colleges with this level of selectivity are said to accept fewer than 35% of all applicants. Institutions under this category include Boston University, New York University, Georgia Institute of Technology, etc.
Very selective: The Colleges under this category accept fewer than 50% of all applicants. Examples are George Washington University, Kenyon College, Lafayette College,
North Carolina State University, etc.
These are some of the selectivity levels, you could find more Information from other online resources.
360/18=20°
20x5=100°
It’s asking for 5 of the eighteen pieces I think. If so here are the answers
Answer and Explanation:
The journal entry is shown below:
Jen Rogers, Capital $35,000
To Jen Rogers, Withdrawals $35,000
(Being withdrawals entry is recorded)
Here the Jen Rogers, Capital is debited as it decreased the stockholder equity while the Jen Rogers, Withdrawals is credited as it also decreased the drawings account. Also, the capital contains normal credit balance while drawings contains normal debit balance
