This is a drag and drop question. there are lots of differences between a market served by a monopoly and a market that is perfectly competitive. sort the items below according to whether they are associated with a single-price monopoly or perfect competition. 1. a characteristic of monopoly 2. a characteristic of perfect (pure) monopoly "these are the answere i have to drag into either answer 1 or answer 2" -price is higher than in other market structure -an efficient quantity is produced -firms can earn positive economic profit in the long run. -there are significant barriers to entry. -firms have no market power.

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost