Which of the following statements is true about profits in a monopolistically competitive market? a. most firms will earn substantial profits from year to year.
b. many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term.
c. profits are rare in monopolistically competitive markets.
dmonopolistically competitive firms are as profitable as monopoly firms.

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400

Increases in output and increases in the inflation rate have been linked to