All categories

3 years ago

Why is there no competition in a monopoly?

2 answers:

7 0

A) there are no close substitutes

Explanation:

A monopoly results when there is a single provider of a particular good or service. Since they’re the only company providing that good or service, the consumer must conduct their business with that specific provider. For example, imagine that Walmart is the only store you can buy food from. Walmart would dominate the entire supply market as it would be the only store from which you can buy your food.

Solnce55 [7]3 years ago

4 0

A) there are no close sub

You might be interested in

A retail store has three departments, S, T, and U, and does general advertising that benefits all departments. Advertising expen

lions [1.4K]

Answer:

From the question given, the values for department S, T, U was not stated, due to my findings and research i solved the example.

The correct answer to this is $21750

Explanation:

Given that,

Department S $111,000

Department T 213,150

Department U 146,250

The next step is to calculate Advertising Expenses

Total

Department S $111,000

Department T 213,150

Department U 146,250

Total = 470400

Next step is to allocate advertising expense to Department T based on departmental sales.

Department T = 48000 x 213150/470400

= $21750

6 0

3 years ago

Hettenhouse Company's perpetual preferred stock sells for $102.50 per share, and it pays a $9.50 annual dividend. If the company

solniwko [45]

Answer:

The company's cost of preferred stock for use in calculating the WACC is 9.65%

Explanation:

For computing the cost of preferred stock, the following formula should be used which is shown below

= Annual dividend based on preferred stock ÷ (Price per share × Flotation cost)

where,

Flotation cost = 1- rate

= 1- 4% = 0.96

= $9.50 ÷ ($102.50 × 0.96)

= $9.50 ÷ $98.4

= 9.65%

The flotation cost should be deducted because it is a one time expense. Thus, it would be minus from price per share.

Hence, the company's cost of preferred stock for use in calculating the WACC is 9.65%

5 0

3 years ago

True or false: While taxpayers benefit from government-provided programs and services, such as national defense and law enforcem

polet [3.4K]

Answer:

True

Explanation:

Taxes paid are NOT directly related to any specific benefit received by the taxpayer.

4 0

3 years ago

The explanation for a downsloping aggregate demand curve differs from the explanation for the downsloping demand curve for a sin

Lisa [10]

Answer:

single-product demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed.

Explanation:

When the aggregate demand curve i.e. downward sloping would be different to the demand curve for the single product i.e. also downward sloping is due to as the single product demand curve would assume that the income would be constant in such a way the less price would lead a substitution that the product is not expensive at all

So the above would be the reason

8 0

3 years ago

InfoTech is a computer application firm based in Silicon Valley and has been responsible for introducing some of the highest-rat

Juli2301 [7.4K]

Answer: Finance

Explanation:

Since the The Board of Directors has approved this move, it will become the responsibility of the finance department to secure the necessary funding for the expansion.

Finance Department is the department in an organization which is charged with the responsibility for fund acquisition, and fund management within the organization and also in charge of planning for expenditure of funds.

4 0

3 years ago