Pat is opening her own software business. She financed the b…
Pat is opening her own software business. She financed the business by withdrawing money from her personal savings account. When she closed the account, the bank representative mentioned that she would have earned $5,000 in interest next year. If Pat hadn’t opened her own business, she would have earned a salary of $125,000. In her first year, Pat’s revenues were $300,000. Which of the following statements is correct?
Read DetailsTable 16-1 The following table shows the percentage of outpu…
Table 16-1 The following table shows the percentage of output supplied by the top eight firms in four different industries. Firm Industry A Industry B Industry C Industry D 1 38% 18% 52% 23% 2 33 16 13 16 3 14 15 11 10 4 7 12 8 9 5 3 11 6 8 6 1 9 4 2 7 1 7 2 2 8 1 7 1 2 Refer to Table 16-1. Which industry is the most competitive? (Hint: use the concentration ratio)
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