If you were going to start a business, in which market structure would you prefer your business to operate? What is the advantage of that market structure? Identify. Which market structure would be the least attractive market structure to open a business in? Why? 

Transcribed Image Text:

The following trading results are available in respect of the business carried on by a firm: 2001 Loss Rs.10,000 2002 Loss Rs.5,000 2003 Profit Rs.80,000 2004 Profit Rs.55,000 The value of goodwill on the basis of 5 years' purchase of average profit of the business will be A B C D Rs. 1,25,000 Rs.1, 50, 000 Rs. 1,00,000 Rs.1,20,000 The following trading results are available in respect of the business carried on by a firm: 2001 Loss Rs.10,000 2002 Loss Rs.5,000 2003 Profit Rs.80,000 2004 Profit Rs.55,000 The value of goodwill on the basis of 5 years' purchase of average profit of the business will be A B C D Rs. 1,25,000 Rs.1, 50, 000 Rs. 1,00,000 Rs.1,20,000

Answer rating: 100% (QA)

I would prefer the monopolistic type of business This ... View the full answer