An annual income statement from Quest Realty, Inc. is shown below:

\begin{array} { l } \text {Revenues }\\ \text {Revenue from sales of goods and services }&\$80,000,000\\ \text { Operating costs and expenses:}&\\ \text {Cost of products and services sold }&\$30,000,000\\ \text {Selling expenses }&\$3,000,000\\ \text {Administrative expense }&\$4,000,000\\ \text { Total operating costs and expenses.}&\$37,000,000\\ \text {Income from operations }&\$43,000,000\\ \text {Interest expense (corporate bonds \& loans) }&\$300,000\\ \text { Non-recurring expense (Legal expenses/fines in}&\\ \text { settling a federal antitrust suit }&\$200,000\\ \text { Income taxes }&\$700,000\\ \text { Net income}&\$41,800,000\\\end{array}

$An annual income statement from Quest Realty, Inc. is shown below: \begin{array} { l } \text {Revenues }\\ \text {Revenue from sales of goods and services }&\$80,000,000\\ \text { Operating costs and expenses:}&\\ \text {Cost of products and services sold }&\$30,000,000\\ \text {Selling expenses }&\$3,000,000\\ \text {Administrative expense }&\$4,000,000\\ \text { Total operating costs and expenses.}&\$37,000,000\\ \text {Income from operations }&\$43,000,000\\ \text {Interest expense (corporate bonds \& loans) }&\$300,000\\ \text { Non-recurring expense (Legal expenses/fines in}&\\ \text { settling a federal antitrust suit }&\$200,000\\ \text { Income taxes }&\$700,000\\ \text { Net income}&\$41,800,000\\ \end{array} During this year of operation, Quest Realty owned and occupied an office building in downtown Indianapolis. For this year, the building could have been leased to other businesses for $2,000,000 in lease income. Quest Realty also owned undeveloped land valued at $15,000,000. Owners of Quest Realty can earn a 14% rate of return annually on funds invested elsewhere. -Economic profit is A) $19,000,000 B) $21,800,000 C) $38,200,000 D) $41,000,000 E) none of the above$
During this year of operation, Quest Realty owned and occupied an office building in downtown Indianapolis. For this year, the building could have been leased to other businesses for $2,000,000 in lease income. Quest Realty also owned undeveloped land valued at $15,000,000. Owners of Quest Realty can earn a 14% rate of return annually on funds invested elsewhere.
-Economic profit is
A) $19,000,000
B) $21,800,000
C) $38,200,000
D) $41,000,000
E) none of the above

Which of the Following Is NOT a Characteristic of Monopoly

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