A company reports the following amounts at the end of the current year:.Sales revenue $860,000Selling expenses 250,000Gain on the sale of land 30,000Interest expense 10,000Cost of goods sold 520,000Under normal circumstances (ignoring tax effects), permanent earnings would be computed as:.a) $90,000.b) $80,000.c) $50,000.d) $110,000.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

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What criteria does a company have to meet to be considered a monopoly?