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kodGreya [7K]
3 years ago
6

How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competiti

ve market?
A. The price is higher. B. The price is lower.
C. The prices cannot be compared.
D. The prices are the same.
Business
2 answers:
Marysya12 [62]3 years ago
6 0
<span>In a monopoly, prices are usually higher
 because there's no competition,
 whereas in a competitive market items which  are not priced orderly may never sell
so correct option is A 
hope it helps

</span>
dexar [7]3 years ago
5 0

Answer:

A. The price is higher.

Explanation:

The main difference between a competitive market and a monopolistic market is that in the competitive market the bidders have no power to influence the price, which is determined by the market through the interaction between supply and demand. In the monopolistic market, the only offeror has the power to decide the offer price. Therefore, in monopolies the price is higher than in competitive markets.

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3 0
2 years ago
Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating
Mkey [24]

Answer:

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Explanation:

a) Data and Calculations:

Income Statement            Current        Projected

Sales                                     na              1,500

Costs                                    na              1,050

Profit before tax                   na                450

Taxes                                    na                 135

Net income                           na                315

Dividends                              na                95

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Current assets        100        115          Current liabilities 70          81

Net fixed assets   1,200    1,440          Long-term debt 300      360

                                                             Common stock 500      500

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Total                    1,300     1,555            Total              1,300     1,591

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c) Decker Enterprises does not need additional financing, but has excess financing because the Liabilities and Equity are greater than the assets.

8 0
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