There are many differences between a market served by a monopoly and a market that is perfectly competitive. Sort the items according to whether they are associated with a single-price monopoly or perfect competition. a. There are significant barriers to entry.
b. Firms have no market power.
c. Price is higher than in other market structures.
d. Firms can earn positive economic profit in the long run.
e. An efficient quantity is produced.

Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be:

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.