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tekilochka [14]
3 years ago
15

Which statement is false? A. A monopoly sells lower-quality products at higher prices than in a perfect competition. B. Natural

monopolies are necessary to avoid wasteful duplication of resources. C. Collusion is legal in the United States, but cartels are not. D. The start-up costs in a monopolistically competitive industry are low. E. Homogeneous products leave consumers with no choice.
Business
1 answer:
NeX [460]3 years ago
4 0

Answer:

The correct answer would be option E, Homogeneous products leave consumers with no choice, which means this statement is False.

Explanation:

Homogeneous products leave consumers with no choice is the False statement, because homogeneous products are the products which cannot be differentiated or distinguished from each other. They have almost exact physical characteristics and properties. People cannot differentiate the products of different suppliers.

So homogeneous products have a lot of substitutes, people have a vast choice range for such products. For example if you go for grocery, you can find different apples coming through different suppliers from different countries, and you are clearly not able to differentiate between them, yet you have a vast range of choice to select from the apples you like.

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How do monopolistic competitors try to make their products stand out?
BlackZzzverrR [31]

Answer:

They lower their prices.

Explanation:

As a<u><em> monopoly is stablished</em></u> then the next step is to<u><em> reduce prices </em></u>when competitors try to enter the market so they remain being the company with the biggest<u><em> share of the market. </em></u>

6 0
3 years ago
Wechsler Company uses the aging of accounts receivable method. The company performed an aging of accounts receivable on December
snow_lady [41]

Answer:

The amount of accounts receivable Net = 512000

so correct option is b. $512,000

Explanation:

given data

Accounts receivable = $605,000

Doubtful Accounts  = $84,000

Accounts Receivable = $93,000

to find out

amount of Accounts Receivable, Net that will be reported on the balance sheet

solution

we know bad debt expense  is difference between 93,000 and 84,000 i.e 9000

so new balance of Allowance for doubtful debts = 93,000

so we can say The amount of accounts receivable Net is

The amount of accounts receivable Net = 605,000 - 93,000

The amount of accounts receivable Net = 512000

so correct option is b. $512,000

4 0
3 years ago
A company had net income of $210,000. Depreciation expense is $27,000. During the year, Accounts Receivable and Inventory increa
Sergio039 [100]

Answer:

a. $179000

Explanation:

The computation of the cash provided by operating activities is shown below:

Net Income $2,10,000    

Add : Depreciation expense $27,000    

Add : Loss on sale of equipment $2,000    

Add : Decrese in prepaid expenses $5,000    

Less : Decrease in accounts payable $6,000    

Less : Increse in accounts receivable $17,000    

Less :Increase in inventory $42,000    

Cash provided by operating activities $179,000

7 0
3 years ago
In july 2001, the euro's value relative to the dollar was about €1.00 = $0.85. by november 2009, the euro had strengthened to €1
Gelneren [198K]

Answer:

The correct answer to the following question will be "raise prices in dollars".

Explanation:

  • Forex trading refers to the acquisition as well as the sale of currency pairs predicated mostly on the relative value within each exchange rate to some other currency which is the pair. While the U.S. based global financial crisis appeared clear that it had expanded worldwide, creditors rushed back to relative dollar protection.
  • Whenever a European-based international business chooses profitability to be preserved for products transported to either the United States market, the organization should increase dollar prices.
4 0
3 years ago
Mark's wage contract specifies a $50,000 salary for the first year, and specifies a salary increase equal to the percentage incr
belka [17]

Answer:

$500

Explanation:

Data provided in the question

Salary for the first year = $50,000

CPI increase during the year = 4%

Overstated inflation = 1% i.e 5%

The computation of the increased in salary is shown below:

= Salary of the first year × inflation rate - salary of the first year × CPI increase during the year

= $50,000 × 5% - $50,000 × 4%

= $2,500 - $2,000

= $500

4 0
3 years ago
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