What percentage of the purchase price of an item


Problem

Does analysis of profitability rates suggest that concentrated manufacturing industries are substantially more profitable than highly competitive industries? What percentage of the purchase price of an item, on average, goes to accounting profit? What would happen if these accounting profits were eliminated? Indicate the role that you think profits play in our economy. Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Business Management: What percentage of the purchase price of an item
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