Use the Following Information for Questions -The Profit Margin Is Closest To:
A)2%
B)19%
C)30%
D)89

question 30

Multiple Choice

Use the following information for questions: $$\begin{array} { l r l r } \text { Revenues } & \$ 50,000 & \text { Beginning liabilities } & \$ 245,000 \\\text { Cost of goods sold } & 35,000 & \text { Ending assets } & 450,000 \\\text { Operating expenses } & 5,500 & \text { Ending liabilities } & 255,000 \\\text { Beginning assets } & 350,000 & &\end{array}$$
-The profit margin is closest to:

• A)2%
• B)19%
• C)30%
• D)89%

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Definitions:

Sherman Act

A foundational U.S. antitrust law aimed at maintaining competition by prohibiting monopolies, cartels, and other forms of restrictive trade practices.

Monopoly Power

The ability of a single firm to control the market price and output of a good or service due to lack of competition.

Alcoa Case

A landmark antitrust case in which the Aluminum Company of America (Alcoa) was found to have monopolized the production and sale of aluminum, violating the Sherman Act.

Federal Trade Commission

A federal agency established to prevent fraudulent, deceptive, and unfair business practices in the marketplace.