Below are eight descriptions of firms operating under various market conditions. for each item, determine whether the market is a monopoly or a market with perfect competition.
items:
a. a firm in this market has no competitors
b. a firm in this market produces where p = mc
c. a firm in this market produces where p > mc
d. a firm in this market cannot earn long-run economic profits
e. a firm in this market is one of many small competitors
f. a firm in this market may earn long-run economic profits
g. a firm in this market has significant market power

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow