You have just won the Publisher's Clearinghouse lottery of $50,000 per year for twenty years with the first payment one year later followed by nineteen more end-of-the-year cash flows. As an alternative, you are offered a lumpsum lottery payment of $679516.3172 today. What is the interest rate such that you will be indifferent between the two options

Which statement describes a monopoly? many firms produce identical products with no control over the market price. many firms produce differentiated products with control over market price. a single firm produces a product with no close substitutes and control over the market price. a single firm produces a product with many close substitutes and limited control over the market price.

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!