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4 years ago

How does competition benefit consumers (econ)

Business

2 answers:

balandron [24]4 years ago

6 0

Answer: cheaper goods

Explanation: it's possible that competition markets may lower prices than others so they could sell more

adelina 88 [10]4 years ago

4 0

Answer:

how does competition benefit consumers?

Competition is good to consumers in any market, it helps in price reduction which consumers prefers. Also there is room to go elsewhere if the quality and quantity of such goods are not maintained which allows customers to patronize other seller in the same market with a lower price

Explanation:

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Planning for Resources

Explanation:

The process of resources management includes:

the development of recompense systems.
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3 years ago

Danks Corporation purchased a patent for $405,000 on September 1, 2019. It had a useful life of 10 years. On January 1, 2021, Da

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Answer:

Amortization Expense for year 2021 $90,000

Explanation:

The computation of the amount that should be reported for patent amortization for the year 2021 is shown below:

But before that following calculations need to be done

The value of the patent as of 31st Dec, 2020

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Less:- Amortization Expense for the year 2019 $13,500

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Amortization Expense for year 2021 $90,000 ($450,000 ÷ 5)

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3 years ago

Suppose that the U.S. Government decides to charge draft beer drinkers a tax. Before the tax, 35 million glasses of draft beer w

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Answer:

$3 per glass

Explanation:

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Most other data in the question seems irrelevant.

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4 years ago

When should a transfer of receivables be recorded as a sale? The buyer surrenders control of the receivables to the seller. The

miskamm [114]

Answer:

The transferor does not maintain effective control over the transferred financial asset or third party beneficial interest in the asset.

Explanation:

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3 years ago

It costs Orkid Company $17 of variable costs and $3 of fixed costs to produce its product. The company currently has unused capa

LekaFEV [45]

Answer:

Explanation:

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3 years ago

How does competition benefit consumers (econ)​

How does competition benefit consumers (econ)