1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
V125BC [204]
2 years ago
5

Millcorp sells wetsuits for deep sea divers. It recently engineered a new material for its wetsuits to better hold in the wearer

’s body heat. After a close encounter with a shark, a customer discovers that the new material protects against shark bites. Soon after, Millcorp’s sales explode and it achieves 90% market share in diver wetsuits. Which of the following best describes this situation?a)Millcorp has a lawful natural monopolyb)Millcorp has a lawful innocent acquisition of a monopoly.c)Millcorp does not have a monopoly.d)Millcorp can likely be found guilty of pursuing monopoly power.
Business
2 answers:
spin [16.1K]2 years ago
8 0

Answer:

B) Millcorp has a lawful innocent acquisition of a monopoly.

Eddi Din [679]2 years ago
5 0

Answer:

B) Millcorp has a lawful innocent acquisition of a monopoly.

Explanation:

Millcorp has a lawful innocent acquisition of Monopoly because Millcorp isn't aware that the newly acquired material for wet suit protect against shark bite. The motive if acquiring the material was to better hold in the wearer's body heat.

The innocent acquisition of the material and the new discovery has increased the demand for Millcorp product which will increase its profits

Monopoly:This a market structure in which a seller sells a unique product.

The product sold by the seller cannot be easily substituted.

The Monopoly is characterised by

1) Single seller and many buyers

2) Absence of competition

3) No close substitute

You might be interested in
If an employer does not offer a retirement plan, what might be another way to save for retirement?
Strike441 [17]
I would think the answer D cause they both have good plans
3 0
3 years ago
Read 2 more answers
A manufacturing unit uses all its resources efficiently
KiRa [710]
If a manufacturing unit uses all its resources efficiently, the production rate of the unit will increase. The waste produced will be minimized and more profit will be gained. The manufacturing unit will also have a greater opportunity of being improved.<span />
5 0
3 years ago
An acre lot was purchased for $100,000. A $500,000 office building was erected. The building is placed in service in May. Find t
kolezko [41]

Answer: $8025

Explanation:

From the information given, first and foremost, we need to realise that only the building in this case will be depreciated due to the fact that land is considered to be a non depreciable asset.

Therefore, the MACRS depreciation charge for year 1 will then be:

= MACRS rate × Value of Building

= 1.605% × $500,000

= 0.01605 × $500,000

= $8025

5 0
3 years ago
Which of the following is a weakness of publicity? Publicity has high absolute costs. Publicity is difficult to receive good fee
Fittoniya [83]

Answer:

There is a lack of user control over publicity.

Explanation:

Publicity is the degree of awareness of a product, company or service. It is the movent of information from the source to the general public.

One of the weakness of publicity is the lack of control the user or source has over it. Once an information is given to the public they form a perception and spread it in a way that the original source cannot control.

The lack of control a user has over publicity can have adverse effects, for example when negative publicity is circulating in the market a company is operating, it can lead to loss of revenue.

7 0
3 years ago
On August 1, 2018, Deeva, Inc., sold equipment and accepted a six-month, 9%, $50,000 note receivable. Deeva's year-end is Decemb
Bingel [31]

Answer:

$1,875

Explanation:

Given that,

Amount of note receivable = $50,000

Time period = 6 month

Interest rate = 9%

Interest amount:

= Principle amount × Interest rate × Time period

= $50,000 × 0.09 × (6/12)

= $2,250

Interest Accrued from 1 August to 31 December :

= (Interest amount ÷ 6 months) × 5 months

= ($2,250 ÷ 6 months) × 5 months

= $375 × 5 months

= $1,875

4 0
3 years ago
Other questions:
  • Peyton's management professor just told her class that the final exam is optional for students like Peyton who currently have an
    9·1 answer
  • For the month of September, Florida, Inc., incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade pr
    14·1 answer
  • Golf Inc. and Golfanatics Corp. are close competitors. Last year, both had the same level of cost of goods sold, but Golf Inc. t
    11·1 answer
  • What type of supply chain configuration is most appropriate if your organization needs to minimize inbound transportation costs,
    5·1 answer
  • GIVING AWAY BRAINLIST
    6·2 answers
  • X Company has two production departments, A and B. At the start of 2018, the following budgeted cost information was available:
    5·1 answer
  • Which of the following is true about depreciation?
    6·1 answer
  • Echher Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the
    6·1 answer
  • Saving money becomes easier if we do this first.
    8·1 answer
  • Mua áo thể thao, tìm hiểu được 3 mẫu áo trên thị trường.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!