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maxonik [38]
3 years ago
14

Which of the following conditions distinguishes monopolistic competition from perfect competition? a. the freedom of entry and e

xit by firms in the market b. the number of sellers in the market c. the size of firms in the market d. product differentiation
Business
1 answer:
MariettaO [177]3 years ago
6 0

Answer:

d)product differentiation

Explanation:

monopolism is when only one producer in the area produces the good/service thus there is no competition eg power supply company while perfect competition is when same type of products but different styles are produced making the business environment competitive.

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Tom’s T.V.’s sold one of their premium products, a new 60" flat screen 3D T.V. to a customer who paid $2,000 in cash. How would
nikdorinn [45]

Answer:

Impact of $2,000 sale on accounting equation is as follow:

Accounting Equation

 Asset             =        Equity           +      Liabilities

Cash+2000        Sales+2,000            No Effect

As cash an asset for the business, so the receipt will increase the balance of assets of the company. The revenue is ultimately adjusted to equity in the form of net income after deducting all the expenses. This transaction will result in increase of equity balance by the sale amount.

Explanation:

The Following journal Entry will support my answer:

Sales amount = 2,000

As this transaction is made on cash basis the following Journal entry will be recorded for this event.

                   Dr.          Cr.

Cash       $2,000

Sales                    $2,000

5 0
3 years ago
Someone help me on some marketing questions
almond37 [142]
I think it would be generic brand
7 0
3 years ago
A firm that has the ability to control to some degree the price of the product it sells
Llana [10]
I believe the answer is Monopolist.
8 0
3 years ago
Specific data such as age, income, family size, and occupation, used for marketing purposes, is called A. demographics. B. the t
kirill [66]

Answer:

A. demographics

Explanation:

"Demographics" refers to the groups that people can be separated in to based on different factors such as those listed (age, income, family size, occupation, etc).

3 0
3 years ago
A career pathway is:
qwelly [4]
I think the better one is D.
3 0
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