When an company makes much profit the business will florish and prosper.
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Answer:
The monopolist's profit maximizing level of output and corresponding profit-maximizing price is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm utilizes in determining its equilibrium level of output. Therefore, as the price falls, the market's demand for output increases.
The financial statement that is likely to be used to determine if a business is able to meet its short-term obligations within the next month is balance sheet.
<h3>What is a balance sheet?</h3>
It should be noted that a balance sheet simply means a financial statement that reports that assets, liabilities as well as equity of a company.
The balance sheet is the financial statement that is most likely to be used to determine if a business is able to meet its short-term obligations within the next month
Learn more about balance sheets on:
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