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2 years ago

A special kind of imperfectly competitive market that has only two firms is called.

Business

2 answers:

pogonyaev2 years ago

8 0

Answer:

Duopoly

Explanation:

A special kind of imperfectly competitive market that has only two firms is called a duopoly

bagirrra123 [75]2 years ago

6 0

Answer:

The necessary characteristics for a market condition of perfect competition are as follow Prices in the marketplace are essentially controlled by the basic economic forces of supply and demand.In particular, sellers do not have any significant ability to control the prices of their goods or services.

Explanation:

hope this helps if not let me know

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Alfred, an architect at Abode Inc., uses the term "spatial organization" while communicating to his client. The client is unable

vlabodo [156]

Answer:

Jargon

Explanation:

Based on the scenario being described within the question it can be said that the term "spatial organization" exemplifies Jargon. This term refers to any and all specialized terminology associated with a specific field or area of expertise. It is usually used between individuals of the same field who understand the word's meaning in a certain context, since those outside of the field may not understand it.

4 0

3 years ago

The following information is related to Dickinson Company for 2017.

MakcuM [25]

The answer & explanation for this question is given in the attachment below.

3 0

3 years ago

McGill and Smyth have capital balances on January 1 of $56,000 and $36,000, respectively. The partnership income-sharing agreeme

Step2247 [10]

Answer: capital accounts distribution

DETAILS McGill Smyth total remaining

opening balance $56000 $36000

net income $90000 $90000

salaries $24000 $12000 -$36000 $54000

interest @ 10% $5600 $3600 -$9200 $44800

Profit share 70 : 30% $31360 $13440 -$44800 $0

closing balance $116960 $65040

DETAILS McGill Smyth total remaining

opening balance $56000 $36000

net income $30000 $30000

salaries $24000 $12000 -$36000 - $6000

interest @ 10% $5600 $3600 -$9200 -$15200

loss share 70 : 30% -$10640 -$4560 +$15200 $0

closing balance $74960 $47040

JOURNAL ENTRIES

1 . Debit partnership summary income account $90000, credit capital accounts McGILL ; salary 24000, interest on capital 5600, profit share 31360. Symth ; salary 12000, interest on capital 3600, profit share 13440

2 . Debit Partnership summary income account 30000 , credit Capital accounts McGill : salary 24000 , Smyth : 12000 , Interest on capital account McGill : 5600, Smyth 3600.

for loss sharing journal

Debit Capital accounts McGILL 10640, Smyth 4560 , Credit partnership summary account 15200

Explanation:

6 0

3 years ago

Read 2 more answers

A country opens up to trade and becomes an exporter of wheat. In the wheat market, domestic consumer surplus will ________, dome

Alik [6]

Answer:

The correct option is increase; decrease; increase

Explanation:

First, we will define the following terms:

Consumer surplus
Producer surplus
Total surplus

Consumer surplus refers to the difference between the price that consumers pay and the price that they are willing to pay. Consumer surplus always increases as the price of a good falls and decreases as the price of a good rises. Therefore, in this scenario, as the country exports wheat, more wheat will be available in the market, leading to a fall in price, thereby leading to an increase in consumer surplus.

Producer surplus refers to the difference between how much a producer would be willing to accept for given quantity of a good against how much they can receive by selling the good at the market price. The difference or surplus amount is the benefit the producer receives for selling the good in the market. When prices rise, producer surplus increases, and when price falls, producer surplus decreases. There a decrease in price spurred by more wheat in the market will lead to a decrease in producer surplus.

Total surplus in a market refers to the measure of the total well-being of all participants in a market. Therefore, with more wheat in the market, there will be a drop in price, and consumers will be able to buy more, leading to more supply. This will lead to an increase in total surplus.

7 0

3 years ago

The loan-to-value ratio is 80%. a buyer wants to acquire a property with a purchase price of $116,000. calculate the required do

blondinia [14]

116,000 divided by 80% is $145,000

6 0

3 years ago