Campbell inc., a construction company, recorded a gross profit of $12,000. its operating expenses stood at $2,000. the amount of depreciation was calculated to be $3,000. campbell paid out $2,500 in income taxes. which of the following figures captures campbell’s bottom line?

Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.