Answer:
b. Ticket prices will be higher because each team is a monopoly in the city.
Explanation:
A monopoly is when there is only one firm operating in an industry. Monopoly usually have market power. They have the ability to set market prices. They usually earn economic profit in the long and short run.
Monopolies are not faced with any competition because they are the only firms operating in an industry.
Because there are usually only one major league in each town, the teams are monopolies, they have the ability to set high prices and do not face competition.
I hope my answer helps you
Answer: $245
Supplies expense = Supplies purchased during the period - Ending balance of supplies on hand
= 370-125
= $ 245
Answer:
Though many aspects of private life and community life differ from culture to culture, in most developed countries business is conducted in more or less the same way?
Successful businesses in developed countries are conducted in more better ways as a result of active policies that allows business to grow also consumers actions at the market are always top-notch which enables suppliers to give more output in order to make more profit
Explanation:
Answer:
12
Explanation:
Calculation to determine Determine the company's price-earnings ratio
First step is to calculate the Earnings per Share
on Common Stock
Earnings per Share
on Common Stock = ($410,000 – $60,000) ÷ $50,000
Earnings per Share on Common Stock = $7
Now let calculate thecompany's price-earnings ratio
Price-Earnings Ratio = $84÷$7
Price-Earnings Ratio = 12
Therefore the company's price-earnings ratio is 12
Answer: A Perceptual Map
Explanation:
A Perceptual Map also known as a product positioning map is a pictorial representation of how consumers sees a product as it relates to their competitors in the market.
