To avoid harm to society, the government often becomes the supplier of a good or service when the respective market has been engaging in illegal activities that the government seeks to eliminate. has high profit, and the government can use those to replace tax revenue. would be a natural monopoly, and the good or service is considered essential. would be competitive enough to cause surpluses to develop.

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.